Crypto analyst Benjamin Cowen warns Bitcoin’s price decline may persist longer than many expect, with a short-term rotation from precious metals unlikely. Precious metals like gold and silver have hit record highs, while Bitcoin trades near $82,859 amid widespread market caution. Some analysts, however, see a potential turning point for Bitcoin in the coming months based on historical patterns.
Analyst Benjamin Cowen suggests Bitcoin’s downtrend may be protracted. “Bitcoin’s likely going to keep bleeding against the stock market,” he said, indicating expectations of a swift capital rotation from metals to crypto are misplaced.
Gold and silver prices have surged to all-time highs, according to Trading Economics. Citi predicted silver could climb to $150 within three months due to Chinese demand and a weaker US dollar.
Bitcoin’s price was $82,859 at the time of reporting, down 7.78% over the past week according to CoinMarketCap. The broader crypto market sentiment remains deeply negative, with the Crypto Fear & Greed Index posting an “extreme fear” score of 16.
Other analysts offer a more optimistic near-term outlook. Swyftx lead analyst Pav Hundal said the market may be near a turning point, anticipating a rotation into Bitcoin by February or March.
“Bitcoin bottoms have historically lagged gold’s relative strength by about 14 months,” Hundal explained. He added that if history repeats, a Bitcoin price bottom could form within approximately 40 days.
Bitwise Europe head of research Andre Dragosch also noted a rare valuation gap. He said Bitcoin is trading at a steep discount to gold on a relative basis. “If flows turn, Q1 2026 could be the inflection point,” Dragosch stated.
