Cryptocurrency analyst: Bitcoin could fall 70% in the next bear market

Cryptocurrency analyst Cowen predicts that in the next bear market, the price of Bitcoin could fall as much as 70% from its all-time high, and could fall to around $75,000 if it reaches its peak of $250,000. He suggested that if there is a rebound in the fourth quarter, investors should take profits and buy stablecoins, and recommended reentering by mid-2026. Although Bitcoin has recently gained 3.41% monthly and 88.35% annually, Cowen warned that market peaks may suddenly appear in the market craze. He also expects Ethereum to perform briefly below Bitcoin but to surpass Bitcoin by the end of this cycle. Analysts still have differences, with some predicting Ethereum will continue to grow into 2026, while others expect Ethereum to hit a new high of nearly $150,000 before a decline in 2025.