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Bitcoin could drop 70% from peak before bottoming, warns analyst with realistic bear market outlook.

Market News
13 Apr 2026
Benzinga
View Source
Bearish
pluang ai news

Crypto analyst Benjamin Cowen outlined a realistic bearish scenario for Bitcoin, suggesting it could fall about 70% from a potential peak near $126,000. He noted a temporary pause after a 50% drop before reaching a final bottom, consistent with past bear markets and influenced by macroeconomic risks like a late-stage business cycle and possible recession. Cowen contrasts this with a more severe 'doomer' view that predicts even deeper and prolonged declines tied to broader stock market weakness. He advises investors to stay grounded in historical patterns and prepare rationally for typical bear market bottoms, cautioning that recent Bitcoin rallies may trap late buyers before further declines.

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