Benjamin Cowen suggested that Bitcoin could drop to $30,000 under a specific condition., 2026/04/14 12:30:50

Crypto analyst and blogger Benjamin Cowen stated that Bitcoin could drop to $30,000 if the U.S. economy enters a severe recession.

According to his assessment, the baseline scenario appears less pessimistic. Following a peak of approximately $126,000 at the end of 2025, the market, as seen in previous cycles, transitioned into a declining phase that may last around a year.

A correction within the range of 65–70% from the peak aligns with historical trends and is not unusual. In such a case, the price could fall to around $42,000, and with a more significant decline, it might test the $30,000–31,000 range. Similar movements have been observed before and do not inherently indicate a structural market crisis.

A more pronounced drop below these levels, according to the analyst, would likely occur only if macroeconomic conditions worsen. This includes signs of recession in the U.S., such as a weakening labor market and a decrease in job openings. Coupled with a declining stock market, this could increase pressure on cryptocurrencies, Cowen believes.

However, even in a negative scenario, the market is capable of finding support at lower levels. As prices decrease, demand from buyers typically increases, often creating conditions for subsequent recovery. Therefore, even a significant downturn does not necessarily imply a prolonged crisis, but may serve as a point for the eventual recovery of the leading cryptocurrency, the analyst concluded.

Previously, Benjamin Cowen urged Bitcoin holders to exercise patience, as the bearish trend in cryptocurrency may last longer than anticipated.