Bitcoin may hit a new low later this year, warns analyst Benjamin Cowen based on past bear market patterns.

Crypto analyst Benjamin Cowen warns that Bitcoin could still drop to a new cycle low later this year, citing historical bear market timelines. He notes that previous Bitcoin bear markets took several months between major lows, with gaps ranging from about 140 to 174 days. Currently, Bitcoin is only 88 days past its last low, suggesting more downside risk remains. Cowen also cautions investors against mistaking prolonged rallies for a confirmed bull market, as similar patterns occurred in past bear cycles.