Due to ETF outflows and sustained weak market sentiment, Bitcoin is trading near $70,000. Analyst Benjamin Cowen warns that the current trend mirrors previous bear market cycles, such as those in 2014, 2018, and 2022. He points out that Bitcoin prices typically bottom out in February and rebound into March, then weaken, often leading to further declines—a recurring pattern. While prices may rise in the short term, Cowen believes further declines are more likely, as April historically is typically a period when panic selling occurs in markets. He states that true market bottoms usually only form after widespread panic selling, which has not yet fully occurred at present.