For months, crypto conversations have leaned heavily toward optimism, with Bitcoin’s path to new highs often treated as inevitable.
But not everyone sees blue skies ahead. Market analyst Benjamin Cowen, founder of IntoTheCryptoverse, is sounding an alarm: the same cycles that have fueled Bitcoin’s meteoric climbs could also set the stage for another brutal collapse.
A Harsh Lesson From History
Cowen points to Bitcoin’s halving-driven rhythm — a four-year boom-and-bust pattern that has repeated with striking consistency. Previous cycles ended with devastating losses: a 94% drop in one bear market, followed by drawdowns of 87% and 77% in later years. To him, it’s unlikely this era will break the mold. A fall of around 70% after fresh all-time highs, he argues, is not just possible but consistent with Bitcoin’s DNA.
Rally Before the Fall
Still, his forecast isn’t doom without hope. Cowen expects Bitcoin to first push higher, potentially peaking in the final quarter of 2025. That advance, he believes, would mark the final euphoric stage of the cycle before gravity takes hold. His own plan? Take profits on the rise, step aside during the downturn, and look for re-entry opportunities closer to mid-2026.
Ethereum’s Late-Cycle Edge
Interestingly, Cowen’s analysis isn’t equally bearish across the board. He sees Ethereum underperforming Bitcoin in the immediate future, but believes ETH could flip the script as the cycle winds down. If past trends hold, Ethereum may struggle in the near term but ultimately emerge as one of the cycle’s late winners.
Outlook
The warning is a sobering counterpoint to the prevailing bullish narrative. Bitcoin may still climb higher in the months ahead, but if Cowen’s view proves right, the real test will come after the peak — when the market must reckon with the other side of its four-year rhythm.
The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Source: https://coindoo.com/bitcoin-could-face-70-crash-after-new-highs-analyst-warns/