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Green SM changes its brand from Xanh SM to Green SM. The Green Smart Mobility and Intelligent Transport Joint Stock Company (GSM) announced the brand change from Xanh SM to Green SM. The change aims to unify brand identity across the entire system and marks the company's three-year operation. In…
In an Apr. 12 podcast, Cowen outlined a realistic scenario for Bitcoin based on historical market cycles.
He said Bitcoin could decline about 70% from a potential peak near $126,000. In his framework, the move would include a temporary pause after roughly a 50% drop before a final bottom later in the cycle.
Cowen noted that drawdowns of this magnitude are consistent with past Bitcoin corrections, which have ranged from 70% to 80%. He linked the possibility of such declines to a weakening macro backdrop, including a late-stage business cycle and potential recession risk.
He contrasted that view with a more severe “doomer” scenario tied to broader stock market weakness. In that case, even a 70% decline may not represent a bottom, with Bitcoin potentially falling below key reference levels, such as ETF launch prices, and taking longer to recover amid an extended recession.
Cowen said these scenarios are not necessarily base cases, but rather frameworks for understanding market risk and psychology. He warned that investors often dismiss realistic downside as overly pessimistic, only to react emotionally if it occurs.
He advised investors to stay grounded in historical patterns, recognize macro risks, and prepare to act rationally if a typical bear-market bottom develops.
Last week, Cowen described Bitcoin’s recent price action as a “textbook countertrend rally,” cautioning that such moves can trap late buyers before a broader decline resumes.
He identified the $78,000 to $79,000 range as a key bear market resistance zone.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
