{"id":137288,"date":"2024-09-16T08:30:52","date_gmt":"2024-09-16T05:30:52","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137288"},"modified":"2024-09-15T20:42:14","modified_gmt":"2024-09-15T17:42:14","slug":"altcoin-crash-looming-analyst-predicts-major-drop-by-year-end-2024","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/altcoin-crash-looming-analyst-predicts-major-drop-by-year-end-2024\/","title":{"rendered":"Altcoin Crash Looming? Analyst Predicts Major Drop by Year-End 2024"},"content":{"rendered":"
In a recent video, Benjamin Cowen shared that, based on historical data, altcoins are likely to experience a significant drop by the end of the year, particularly in relation to Bitcoin (BTC<\/a><\/strong>).<\/p>\n Cowen linked this potential decline to the start of a new interest rate-cutting cycle, drawing parallels to patterns observed in previous market cycles. He highlighted how, during the 2018-2020 period, the market tagged a particular trendline three times, with the third tag marking the bottom of the cycle.<\/p>\n According to Cowen, this pattern could repeat, with the third touch of the trendline expected around the end of 2024. He also noted that the alt\/Bitcoin pairs might fall to 0.25 in the fourth quarter, reinforcing his belief that these pairs could capitulate before the year ends.<\/p>\n