So, you’re sitting on the sidelines, watching Bitcoin like it’s the last season of your favorite show, and you’re wondering if there’s still time to jump in? Well, brace yourselves, because according to one crypto analyst, you might get that *dream* opportunity to buy the dip, but don’t get too comfy-Bitcoin could be on track for a whopping 70% drop in the next bear market. Yikes. 😬
But don’t go selling your soul for a Bitcoin just yet! Crypto analysts are totally split on what’s coming next. Some believe the bear market is still off in the distance, while others think it’s lurking right around the corner, waiting to strike. 🤔
Crypto analyst Cowen had this to say in a very *chill* interview with Kyle Chasse, “I would say maybe a 70% drawdown from whatever the all-time high ends up.” (Cowen was basically sipping tea while saying that, btw.) He also pointed out that previous bear markets took Bitcoin for a wild ride, with drawdowns of 94%, 87%, and about 77%. 😱
“Does it have to happen? No, but history would at least caution us to at least believe that it might.”
From $250K to $75K… Ouch.
Now, some Bitcoin enthusiasts, like BitMEX co-founder Arthur Hayes, are getting all excited with predictions that Bitcoin could soar to $250,000 by the end of this year. 🤑 But-*plot twist*-if that happens and we see a 70% crash, we’re looking at Bitcoin tumbling down to around $75,000. That’s a *huge* drop. Oof. 🙈
Cowen, ever the realist, said if Bitcoin keeps climbing through Q4, he’ll take profits and move to stables (aka no more crypto rollercoasters for him). He might even sit this one out until mid-2026. Wise choice, my friend. 🧐
As of the latest updates, Bitcoin is chilling at $117,010, which is a 3.41% bump over the past 30 days (according to CoinMarketCap). 💸
Cowen thinks there’s still hope for another rally, but don’t get too attached to the highs because the market could peak at any moment. Just when you think you’re at the top, *bam*, it’s over. 🙄
“Obviously, investors are hopeful we are going to coil up and go into that final rally into the market cycle top,” he said. *Cue the suspenseful music*. But let’s be real, when it happens, no one’s going to be able to predict it. You’ll just find yourself in a euphoric crypto-induced trance. ✨
ETH Might Just Outshine Bitcoin in the End… Shocking!
On the Ethereum side of things, Cowen isn’t pulling any punches. He predicts that Ethereum (ETH) will be “struggling” against Bitcoin for a little while longer, but once the final cycle hits, ETH is gonna *outperform* Bitcoin. 😎
He’s not feeling too optimistic for October, though-expect some weakness in ETH for the next few weeks. As for the ETH/BTC ratio, it’s up by 8.56% over the past month, so make of that what you will. 📉
And then there are those Bitcoin maximalists who still think Bitcoin will follow its trusty four-year cycle. Whether that’s true or not is anyone’s guess. 🙄
Bitwise’s CIO, Matt Hougan, bet on a “good year” for 2026, while Canary Capital’s CEO, Steven McClurg, thinks there’s a 50% chance Bitcoin will hit the $140K-$150K range before the next bear market. 🤑
Meanwhile, Michael Saylor (who’s basically the Game of Thrones of Bitcoin at this point) said back in June, “Winter is not coming back.” Well, let’s hope he’s right, but I’d be packing a coat just in case. 🧥
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2025-09-19 07:12