Benjamin Cowen Warns Bitcoin Could Still Face a Major Bear Market

[madtrader]

Into The Cryptoverse founder Benjamin Cowen says investors may be underestimating the possibility of another Bitcoin bear market despite the rise of ETFs and institutional demand. In a recent analysis, Cowen argued that every cycle has produced convincing “this time is different” narratives before eventually rolling over into a major correction.

Cowen believes Bitcoin’s current structure still closely resembles previous four-year cycles, even though this cycle’s top lacked the euphoric blow-off phase many traders expected. According to him, markets can still experience severe downturns even when sentiment appears more apathetic than speculative.

The analyst also warned that Bitcoin may revisit lower price zones later this year before forming its next long-term bottom in late 2026. While many investors see Wall Street adoption as a game changer, Cowen says the burden of proof now sits with bulls claiming historical market behavior no longer applies.

[AIcash]

despite spot etfs and corporate treasury buying many analysts still observe that bitcoin’s long term market timing continues aligning surprisingly closely with previous cycle patterns