Crypto analysts are predicting a potential 70% drop in Bitcoin during the next bear market, with historical data showing previous drawdowns of 94%, 87%, and 77%. Despite some projecting a price of $250,000, others like Cowen suggest taking profits before a potential decline to $75,000. Bitcoin is currently trading at $117,010, up 88.35% over the past year.

Market participants should prepare for a strong rally but remain cautious of a sudden peak, as the top could occur at any moment. Cowen anticipates Ether will outperform Bitcoin towards the end of the cycle, expecting weakness in October before a surge. The ETH/BTC ratio is up 8.56% over the past 30 days, indicating growing strength for Ethereum.

Bitcoin’s price trajectory remains uncertain, with some expecting a typical four-year cycle while others anticipate an up year in 2026. Canary Capital CEO predicts a drop to $140-$150 before another bear market in 2022, while Strategy executive chairman believes winter is unlikely to return.ETH is expected to struggle against Bitcoin before outperforming towards the end of the cycle.

Read more at Cointelegraph: Crypto Analyst Not Ruling Out 70% Drawdown For Bitcoin