Analyst Predicts Bitcoin Will Struggle as Stock Market Cycle Ends

TLDR

• Bitcoin is likely to continue its downtrend as the market cycle concludes.
• Analyst Benjamin Cowen believes Bitcoin will struggle against the stock market.
• Strong expectations of Bitcoin’s rotation from gold and silver are likely misplaced.
• Gold and silver have hit record highs, driving optimism in some investors.
• Citi predicts silver could reach $150 due to demand from China and a weak dollar.

Bitcoin continues its downtrend, as it struggles to recover amidst widespread caution in the crypto market. Analyst Benjamin Cowen suggests that the price of Bitcoin may not rebound quickly. In his recent analysis, Cowen stated that Bitcoin is likely to “keep bleeding against the stock market” as the current market cycle reaches its conclusion.

Bitcoin Struggles Amid Market Conditions

Cowen emphasized that Bitcoin’s downtrend may persist, especially when compared to the stock market’s performance. In a video published on Thursday, he noted that there is strong anticipation of a “massive rotation” from assets like gold and silver into crypto. However, he believes these expectations may not materialize in the short term, as Bitcoin struggles to attract momentum.

Bitcoin’s price currently stands at $82,859, reflecting a 7.78% decline over the past week. The ongoing bearish sentiment in the market is contributing to the reluctance of many investors to engage with Bitcoin. According to the Crypto Fear & Greed Index, market sentiment is at “extreme fear” levels, with a score of 16, further indicating a cautionary approach from investors.

Gold and Silver Remain Strong

While Bitcoin faces a continued decline, precious metals like gold and silver are experiencing record highs. Gold has recently surged to an all-time high of $5,608.33, while silver reached $121.64. Citi has predicted that silver could climb to $150 in the coming months, fueled by strong demand from China and a weak US dollar.

This rally in gold and silver has sparked hopes within the crypto community that Bitcoin will eventually follow suit. Many investors are betting that the success of precious metals will drive Bitcoin’s next big move. However, Cowen remains skeptical, warning that the rotation into Bitcoin is “probably not going to happen” in the short term.

Bitcoin Could Bottom Out in Early 2026

Despite the current downward trend, some analysts remain optimistic that Bitcoin may reach a turning point soon. Pav Hundal, lead analyst at Swyftx, pointed out that Bitcoin bottoms tend to lag behind the strength of gold by about 14 months. Hundal suggested that if history repeats itself, Bitcoin could see a bottom forming within the next 40 days.

Hundal expects a possible “re-risking” into Bitcoin by February or March. If gold’s strength leads to renewed investor interest, Bitcoin could experience a rebound. Many analysts are hopeful that this rotation may take place in early 2026, with Bitcoin potentially finding support and reversing its recent losses.

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