Bitcoin price action has been boring for the past few days. BTC trades in a tight range between $72,000 and $74,000, with no clear direction. Today we look at a rare Bitcoin price prediction from Benjamin Cowen. He is not the typical crypto influencer.
Cowen holds a PhD in Engineering, worked at NASA and Sandia National Labs, and runs ITC – a firm focused on macro, commodities, and digital assets.
He posts a lot about Bitcoin, but he rarely makes explicit Bitcoin price predictions. This time he did.
What you'll learn 👉
Benjamin Cowen’s Rare Bitcoin Price Prediction
Cowen started by admitting that predicting short‑term price action is hard. He compared it to a random walk or geometric Brownian motion. But he still offered a guess.
He thinks Bitcoin will soon tag $70,000. After that, a small bounce will follow, lasting maybe a few days to a week. Then, after the bounce, he expects Bitcoin to head back to the lows from February 2026. Those lows are around $60,000.
Trying to predict short-term price action is hard, as I generally consider the short-term moves akin to a random walk, or geometric brownian motion.
— Benjamin Cowen (@benjamincowen) June 1, 2026
..but..
if i had to guess, I would guess that BTC tags $70k soon, then gets a small bounce.
But after the bounce is over (likely…
Cowen did not present this as a certainty. He said if he is wrong, he will quote‑tweet his own prediction and simply say “I was wrong.” Then he will “let every bull dunk away.” That means he will allow all the bullish traders and commentators to mock him freely. He is willing to be proven wrong in public.
Why the February Lows Could Be Revisited
The February 2026 low was approximately $60,000. That would be a sharp drop from current levels – around 18% lower. Many analysts on X and Telegram already share a similar view. They expect a difficult few months ahead and a return to bear market lows.
One major reason is the ETF outflow data. Between May 25 and May 29, US spot Bitcoin ETFs recorded net outflows of roughly $1.42 billion. That is a significant amount of institutional money leaving the market. When ETFs bleed for days, it pressures price. Without fresh inflows, Bitcoin struggles to hold levels above $70K.
The macro backdrop is also challenging. Oil prices remain high due to Iran tensions. The Fed shows no sign of cutting rates. Real yields are elevated. All of these factors weigh on risk assets like Bitcoin.
Cowen’s prediction aligns with the broader cautious sentiment. He is not an outlier. He is a respected voice in the macro space, and his rare forecast carries weight.
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What “Let Every Bull Dunk Away” Means
Some readers may not be familiar with the phrase. In crypto Twitter slang, “dunk away” means to mock or ridicule someone. A “bull” is a trader who expects prices to rise. So if Cowen is wrong – if Bitcoin does not drop to $60k – he will let all the bulls make fun of him publicly. He will not delete the tweet or make excuses. He will simply admit he was wrong and take the criticism.
This level of intellectual honesty is rare in crypto. Most influencers delete wrong calls or change their narrative. Cowen does the opposite. He puts his reputation on the line.
Where Could Bitcoin Go From Here?
Short‑term, the $72‑74K range is likely to break soon. Cowen’s first target is $70,000. That is a logical support level, as it was resistance earlier this year. A bounce from $70K could take BTC back to $72‑73K. But after that bounce, he expects renewed selling toward $60K.
If ETF outflows continue and macro headwinds persist, $60K is a realistic target. That level also aligns with the 200‑day moving average on the weekly chart. A drop to $60K would not be a crash – it would be a retest of the February bottom. Many traders are already positioned for that scenario.
Of course, nothing is guaranteed. A surprise Fed pivot or an Iran ceasefire could reverse sentiment quickly. But for now, Cowen’s rare BTC price prediction deserves attention.
He is a data‑driven analyst with a strong track record in macro cycles.
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