Crypto Analyst Predicts Prolonged Downtrend for Bitcoin Amidst Stock Market Bleeding

In a recent video, crypto expert Benjamin Cowen warns holders that the downward trend of Bitcoin’s price may not be short-lived as many anticipate. According to Cowen, the leading cryptocurrency is likely to continue bleeding against the stock market, and the anticipated shift from traditional metals like gold and silver to crypto may not be as massive as expected.

Recent data shows that gold and silver prices have reached record highs of $5,608.33 and $121.64, respectively, according to Trading Economics.

Citi anticipates silver will continue to rise

Citi projected on Tuesday that silver could reach $150 in the next three months, fueled by demand from China and the US dollar’s drop to a four-year low.

However, Cowen emphasized that a shift to Bitcoin is unlikely to occur in the near future.

Many in the cryptocurrency market are speculating that the recent surge in gold and silver prices is a sign that history will repeat itself and Bitcoin will eventually follow suit.

At the time of writing, Bitcoin is trading at $82,859, a 7.78% decrease over the past week according to CoinMarketCap.

This comes as sentiment in the overall crypto market has been declining. The Crypto Fear & Greed Index, which measures market sentiment, currently has an “extreme fear” score of 16, indicating that investors are highly cautious about the crypto market.

Some analysts have a more positive outlook

Pav Hundal, the lead analyst at Swyftx, told Cointelegraph that the market may be on the brink of a turning point, stating, “We are right on the edge of where we typically see a return to Bitcoin.”

“Bitcoin bottoms have historically followed gold’s relative strength by approximately 14 months,” Hundal explained, predicting that the shift will occur in February or March.

“If history repeats itself, and that is a big if, the gold-Bitcoin relationship suggests that a potential BTC bottom could form within the next 40 days,” Hundal remarked.

Hundal stressed that gold usually leads during times of macro stress, and then Bitcoin follows suit once risk appetite returns.

“If this model holds true, the market should start to look less fragile by the end of the quarter,” he stated.

On the other hand, Andre Dragosch, the head of research at Bitwise Europe, stated in a post on X on January 19th that Bitcoin “is currently trading at a significant discount compared to gold.”

“These asymmetrical situations are extremely rare,” he noted, adding that “if the trend shifts, the first quarter of 2026 could be the tipping point.”

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