

others
Bitcoin ‘Secondary Scare’ Now Playing Out, Warns Top Analyst Benjamin Cowen – Here’s How Low BTC Could Plunge – Crypto News
Crypto strategist Benjamin Cowen says Bitcoin (BTC) could fall further even after correcting by over 15% from its 2023 high reached last month.
Cowen tells his 785,000 YouTube subscribers that the current crypto downturn is in line with a pattern that occurs every four years.
“The idea behind the secondary scare in crypto comes from the fact that the S&P 500 [stock index] tends to get a correction in August or September of its [US] pre-election year.
So if you were to look at 2023, you can see that the S&P is in fact getting this correction that we talked about.”
The S&P 500 is down a little over 5% since the start of August.
According to the widely followed crypto strategist, Bitcoin has plummeted by between 39% and 83% during previous “secondary scares.”
“In 2019, once the secondary scare got underway, once we got below the 20-week moving average right or the weekly candle that led us below it, Bitcoin dropped another 61%…
This one 2015… it was about a 40% or 39% drop.
And then in 2011… you had an 82.5% drop before we actually finally bottomed out in the secondary scare…
In all three cases in the pre-halving year, the S&P dropped in Q3 of the pre-election year… And then Bitcoin entered into a downtrend for a while.
And we have three examples: one where we went down about 80%, one where we went down about 40% and one more we went down about 60%.”
On how low Bitcoin could fall going by historical precedent, Cowen outlines three scenarios.
“If it’s a 40% drop [similar to 2015]… 40% drop puts Bitcoin at $17,500, okay. That would be the lowest. This would basically correspond to this 2015 move. That would put Bitcoin at $17,500.
A 61% drop, which is what we experienced in 2019, would put it at around $11,400.
An 80% drop would put it much lower, which I will say I don’t think it’s going to go nearly that low.”
Bitcoin is trading at $26,423 at time of writing.
I
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
-
Blockchain1 week ago
Ripple and Ctrl Alt Team to Support Real Estate Tokenization – Crypto News
-
Cryptocurrency1 week ago
Satoshi-Era Bitcoin Whale Moves Another $2.42 Billion, What’s Happening? – Crypto News
-
Cryptocurrency1 week ago
Bitcoin Breaches $120K, Institutional FOMO Takes and House Debate Propel Gains – Crypto News
-
Cryptocurrency1 week ago
It’s a Statement, Says Bitfinex Alpha – Crypto News
-
others1 week ago
EUR/USD recovers with trade talks and Fed independence in focus – Crypto News
-
Technology1 week ago
Fed Rate Cut Odds Surge As Powell’s Future Hangs In The Balance – Crypto News
-
Technology1 week ago
Fed Rate Cut Odds Surge As Powell’s Future Hangs In The Balance – Crypto News
-
Business7 days ago
XLM Is More Bullish Than ETH, SOL, And XRP, Peter Brandt Declares – Crypto News
-
others1 week ago
Bitcoin Critic Vanguard Becomes Strategy’s (MSTR) Largest Shareholder – Crypto News
-
Business1 week ago
Pepe Coin Rich List June 2025: Who’s Holding Highest PEPE as it Nears Half a Million Holders? – Crypto News
-
Metaverse1 week ago
Why voice is emerging as India’s next frontier for AI interaction – Crypto News
-
Cryptocurrency7 days ago
Anarchy, crime and stablecoins – Blockworks – Crypto News
-
Cryptocurrency1 week ago
Stellar [XLM] bulls exhausted after rally – Is a pullback nearby? – Crypto News
-
Technology1 week ago
V Guard INSIGHT-G BLDC fan review: Cool performer with a premium look – Crypto News
-
Cryptocurrency1 week ago
Fed’s Hammack Raises Inflation Concerns Amid Push For Interest Rate Cut – Crypto News
-
Cryptocurrency1 week ago
1inch price forecast: 1INCH hits 7-month high after double digit gains – Crypto News
-
Cryptocurrency1 week ago
1inch price forecast: 1INCH hits 7-month high after double digit gains – Crypto News
-
others1 week ago
Top Crypto Exchange by Trading Volume Binance Announces Airdrop for New Ethereum (ETH) Ecosystem Altcoin – Crypto News
-
others1 week ago
VanEck Details Key Drivers Boosting Bitcoin Price, Including Corporate Treasury Demand, ETF Flows and More – Crypto News
-
Business1 week ago
XRP Lawsuit Update: Ripple Paid $125M in Cash, Settlement Hinges on Appeal – Crypto News
-
Cryptocurrency1 week ago
Bitcoin trades near $119K after new all-time high; Coinbase rebrands wallet to ‘Base App’ – Crypto News
-
Technology5 days ago
“Decentralized Ponzi Scheme”- Gold Bug Peter Schiff Slams Landmark Crypto Bills – Crypto News
-
Business1 week ago
CME XRP Futures Hit $1.6B In Total Trading Volume Since Launch – Crypto News
-
Technology1 week ago
XLM Price Forecast: Why Stellar Lumens May Crash After 80% Rally in Last 7 Days – Crypto News
-
others1 week ago
Scammer Drains $10,000,000 From IRS in International Tax Fraud and Identity Theft Scheme: DOJ – Crypto News
-
Business1 week ago
Ethereum Price Prediction- Bulls Target $3,700 As ETH Treasury Accumulation Soars – Crypto News
-
others1 week ago
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal – Crypto News
-
others1 week ago
GBP/USD rallies on US PPI dip and Trump’s potential Powell removal – Crypto News
-
Cryptocurrency1 week ago
Russia’s $85 Billion Sberbank to Launch Crypto Custody Services – Crypto News
-
Cryptocurrency5 days ago
California Sheriffs Believe 74-Year-Old’s Disappearance Linked to Son’s Crypto Fortune – Crypto News
-
Cryptocurrency5 days ago
Shytoshi Kusama Breaks Silence on New SHIB AI Whitepaper and Transformed Future – Crypto News
-
Cryptocurrency5 days ago
Altseason heats up, but Bitcoin could face short-term pullback – How? – Crypto News
-
Cryptocurrency1 week ago
Hypercharged Exposure to XRP and Solana Now Available With These Two ETFs – Crypto News
-
Cryptocurrency1 week ago
Nothing Burger or Crypto Catalyst? – Crypto News
-
Metaverse1 week ago
Nvidia’s Jensen Huang says AI ‘fundamental like electricity’, praises Chinese models as ‘catalyst for global progress’ – Crypto News
-
Business1 week ago
$800 Billion JPMorgan To Rival Tether, Circle, and Ripple In Stablecoin Race – Crypto News
-
Blockchain1 week ago
BitMine Shares Rallied After Peter Thiel Investment. – Crypto News
-
De-fi1 week ago
U.S. Marshals Peg Federal Bitcoin Holdings at 28,988 Tokens Worth $3.4 B – Crypto News
-
De-fi7 days ago
U.S. House Passes Clarity, GENIUS, and Anti-CBDC Acts With Historic Bipartisan Support for Crypto – Crypto News
-
De-fi6 days ago
BNB Chain Teases New Blockchain with Privacy Features to Compete With Crypto Exchanges – Crypto News
-
Cryptocurrency6 days ago
XRP Price Spikes to Record Highs As Momentum Signals Extended Gains – Crypto News
-
Blockchain6 days ago
Why Bitcoin self-custody is declining in the ETF era – Crypto News
-
Cryptocurrency6 days ago
US House passes three key crypto bills; market reaction muted as Bitcoin dips – Crypto News
-
Technology6 days ago
Breaking: GENIUS Act Becomes First Major Crypto Legislation as Trump Signs Bill – Crypto News
-
De-fi6 days ago
Crypto Market Cap Hits $4 Trillion Milestone as US House Passes Landmark Bills – Crypto News
-
De-fi6 days ago
Crypto Market Cap Hits $4 Trillion Milestone as US House Passes Landmark Bills – Crypto News
-
others4 days ago
Why Is The Crypto Market Rising Today? – Crypto News
-
Blockchain3 days ago
Institutional Demand Surges As Ethereum Sets New Inflow Records – Crypto News
-
Technology1 week ago
V Guard INSIGHT-G BLDC fan review: Cool performer with a premium look – Crypto News
-
Cryptocurrency1 week ago
Fed’s Hammack Raises Inflation Concerns Amid Push For Interest Rate Cut – Crypto News