While Bitcoin (BTC) broke a record by reaching a new ATH last March, altcoins did not perform as well as BTC.
While altcoin investors await the altcoin season that never seems to come, popular analyst Benjamin Cowen said he believes the correction in altcoins will end by the end of 2024 or early 2025.
The analyst, who predicted that the altcoin market would experience another significant decline before the corrections were over, predicted that the ‘grand finale’ of the altcoin corrections would occur at the end of 2024 or early 2025.
Basing his forecast on 2019, the analyst stated that the current situation is similar to the years 2019-2020.
According to the analyst, altcoin markets are currently showing a similar pattern to the end of 2019. Accordingly, altcoins showed a gradual recovery in 2020 and reached new highs in 2021. At this point, the analyst thinks that this scenario in 2019-2020 is likely to occur in early 2025.
It looks like the grand finale of the altcoin reckoning has finally arrived.
The altcoin reckoning should be over by December 2024 (2nd week of January 2025 at the latest).
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
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/when-will-the-correction-in-altcoins-end-when-will-altcoins-start-to-rise-analyst-explained/