Ah, Bitcoin. The financial equivalent of a rollercoaster designed by a sadist. Crypto analyst Benjamin Cowen, the Cassandra of the blockchain, is here to remind us that we’re probably still strapped in for the drop. According to him, there’s a “certain chance” Bitcoin will hit a new low later this year. Because, of course, why would we be allowed to have nice things?
In a YouTube video that’s less “market update” and more “existential crisis,” Cowen dives into the historical patterns of Bitcoin’s bear markets. It’s like reading tea leaves, but with more math and fewer herbal infusions. “In 2014, Bitcoin set a low in April and the next low wasn’t until October,” he says, as if we needed another reminder that time is a flat circle of financial despair.
He then points out that in 2018, the market took its sweet time-143 days, to be exact-to decide it wasn’t done crushing dreams. “Breaking prior lows often takes months,” he adds, because apparently, Bitcoin enjoys a good dramatic pause. It’s the Meryl Streep of cryptocurrencies.
Cowen also notes that in 2022, it took roughly “140 something days” to break the June low. “140 something days”? Very precise, Ben. Next time, just say “a while” and save us the suspense.
“How long has it taken since the February low? We’re currently on day 88,” he muses, as if counting down to an apocalypse. Spoiler alert: it’s not a birthday party.
Based on this thrilling historical framework, Cowen warns that further downside is as likely as a reality TV star running for office. “Who’s to know what’ll happen in 3 months? Who’s to know? I mean, there’s certainly a chance that Bitcoin will find a new low later this year, just like it did in prior bear markets,” he says, channeling his inner Eeyore.
And for those of you who think extended rallies are a sign of a new bull cycle, Cowen has a reality check: “You can have rallies that last for months that draw people back in, that make them FOMO back in, but that doesn’t mean necessarily that it’s any different from other bear markets that we’ve seen.” Translation: Don’t get too comfortable-Bitcoin’s just toying with you.
So, buckle up, crypto enthusiasts. The ride’s not over, and the only thing certain is uncertainty. Or, as Cowen would put it, “Who’s to know?”
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2026-05-07 16:21