The crypto market has been experiencing a decline, with many attributing it to Middle East tensions and the sale of holdings by prominent investors such as Michael Saylor. However, some experts are suggesting that these external factors may be masking underlying mathematical patterns.
Benjamin Cowen, founder of Into The Cryptoverse, is one such expert who believes that Bitcoin's price movement can be explained by a 4-year cycle theory. According to this theory, the current decline is part of a cyclical correction that will lead to a true bottom in October or November 2026.
Cowen points out that the current chart structure is developing according to historical scenarios, with the cycle peak at $126,200 recorded in October 2025. The subsequent decline and spring rally are also consistent with previous years' patterns.
However, optimists may point to the average June return of 6.91%, but Cowen argues that this figure is artificially inflated by anomalies from bull years. In fact, data shows that during periods of cyclical correction after reaching a global peak, June has invariably closed with a decline.