CandleFocus Analyst Benjamin Cowen Predicts Altcoin Bleed-Out Toward End of the Year – Here’s Why
2024-09-15
Author: Content Editor
Crypto analyst Benjamin Cowen warns that altcoins may experience a significant decline towards the end of 2024, capitulating against Bitcoin. Cowen bases his prediction on historical patterns, noting that altcoins have previously reached their bottom near the trend line three times before. He suggests that the trend line could hit 0.25 in Q4, indicating a potential altcoin capitulation. Cowen attributes this decline to low net global liquidity, which he believes is a major driver for digital assets. He points out that alt/Bitcoin pairs broke down at the same time as net liquidity was experiencing a fake breakdown.
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