Prominent crypto analyst Benjamin Cowen says a “realistic” bearish outlook for Bitcoin (CRYPTO: BTC) differs significantly from an extreme “doomer” perspective, with both scenarios carrying different implications for investors.
In an Apr. 12 podcast, Cowen outlined a realistic scenario based on historical cycles.
He said Bitcoin could decline about 70% from a potential peak near $126,000, with a temporary pause after a roughly 50% drop before reaching a final bottom later in the cycle.
Such drawdowns align with past corrections of 70% to 80% and reflect a weakening macro backdrop, including a …