Benjamin Cowen predicts Bitcoin could face a 70% drawdown in the next bear market, with historical drops of 94%, 87%, and 77%. He cites a potential decline from a projected all-time high of 250,000 USD to 75,000 USD.
Despite potential declines, Bitcoin is currently trading at 117,010 USD, showing a recent increase. Cowen expects another market rally, emphasizing the unpredictable nature of price peaks.
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