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Altcoin Market Decline Reaches Final Act, Bottom Expected In 2025–Analyst

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Altcoin Market Decline Reaches Final Act, Bottom Expected In 2025–Analyst - NewsBTC

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It has been a long journey, and many gave up along the way, but this process was always going to play out pic.twitter.com/WRVUvIHDTt — Benjamin Cowen (@intocryptoverse) November 3, 2024 Altcoin Market Revisits 2019 Price Action In a YouTube video, Cowen predicted the price action of altcoins after reviewing Bitcoin’s price and historical trends.

While this is normal price action for Bitcoin, this trend also impacts the crypto industry, particularly altcoins. Historical patterns suggest that altcoins’ performance highly depends on Bitcoin’s price action.

According to Cowen, the altcoin market will face "a reckoning,” and holders and traders can expect the correct to happen by December 2024 or early January 2025.

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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

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News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-11-05 @ 16:00:30 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 72 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23434331

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