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Altcoin traders on alert! Analyst warns of decline until December!
Analyst Benjamin Cowen warns of risks in the altcoin market and predicts a possible decline by December 2025.
Altcoin traders on alert! Analyst warns of decline until December!
Analyst Benjamin Cowen warns current and potential traders in the altcoin market against making ill-advised investments. In his most recent remarks, he suggests that the prospect of an altseason, i.e. an increase in the prices of alternative currencies to Bitcoin, is complex and difficult to predict. According to Cowen, such a phase is unlikely to begin until November or even later, warning market participants to be cautious.
Cowen's forecast suggests that short-term declines in altcoins relative to Bitcoin (BTC) are possible by early December. This decline could see altcoin pairs fall to lower levels of 0.27 before a sustained recovery takes hold. The current market situation remains tense as investors speculate on a possible altseason.
Historical comparisons and Bitcoin’s development
Cowen draws parallels to past market cycles, particularly the boom experienced in 2017. Back then, Bitcoin pairs fell to around 0.25 in early November, only to rise to 1.34 within a few months. This historical perspective gives some traders hope that similar patterns could repeat themselves.
Bitcoin's price is at $108,915 at the time of the warning and it is believed that it could peak by the end of the year. Cowen emphasizes that any rise in altcoins in the coming months must occur quickly so as not to leave investors guessing.
Market developments and forecasts
The general uncertainty about the future development of the altcoin market may lead investors to act more cautiously. Cowen's assessments are not the only feedback that is being heard in the current market situation. Analysts or market observers regularly comment on the risks and opportunities in the crypto sector, which shows how dynamic and volatile this area remains.
The discussion about altcoins and their potential performance is made all the more relevant by Cowen's warnings and historical analysis. Traders are encouraged to closely monitor market developments before making decisions to minimize potential losses.