00:00It's Benzinga bringing Wall Street to Main Street.
00:02Crypto analyst Benjamin Cowan argued in a June 14th market update that Bitcoin's current downturn
00:08is driven more by time than price, according to Benzinga. Cowan compared the roughly 35-week-old
00:15decline to prior midterm year bear markets in 2014, 2018, and 2022, which historically lasted
00:2250 to 60 weeks from peak to trough, suggesting more time may be needed before a bottom forms.
00:27Over the past month, Bitcoin dropped around 16%, with a 37% decline over the past year.
00:33Cowan pointed to the 2020 COVID-19 crash as a rare example of price-based capitulation,
00:39where a rapid sell-off reset on-chain metrics and shortened the cycle.
00:43He said a similar sharp drop of around $20,000 in 2026 could end the bear market sooner.
00:50Without such a move, he expects Bitcoin to follow a historical midterm pattern
00:54of a temporary summer low, followed by a potential revisit of lower levels later in the year.
00:59For all things money, visit Benzinga.com.
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