The crypto market, that great hive of buzzing confusion, is once again convinced it’s on the cusp of an altcoin season. How thrilling! But let us not be deceived by the fluttering of crypto wings-true glory, like a proper tea party, requires certain conditions. And according to Mr. Benjamin Cowen, Ethereum must first achieve a new all-time high, or else the altcoins shall remain in their dusty corners, sipping lukewarm lemonade. 🐝
According to the esteemed Mr. Cowen, an altcoin season is not a mere whim but a three-act play. The first act demands Ethereum not only breach its ATH but also sustain a “durable price” above it. The second act? A decline in Bitcoin’s dominance. The third act? A discernible rotation into alts. How democratic-as if the market needs permission slips from its elders. 🎭
The Role of Bitcoin Dominance
Cowen, that most astute of observers, insists Ethereum’s ascension is the linchpin of this grand performance. “Premature celebrations,” he scoffs, “are like wearing a party hat to a funeral.” Indeed, Ethereum must first “check back in” with its 21-week EMA during a correction. One imagines it’s akin to a child needing parental approval before playing with the big kids. 👶
October, that most cursed of months, is unlikely to host the altcoin gala, Cowen warns. Historically, Bitcoin dominance peaks in October like a seasonal flu. “The market should only expect alts to bloom once Bitcoin’s dominance wanes,” he declares. One might call it a ritual-burning the old candle to light the new. 🕯️
Cowen’s view of the bull cycle’s peak is as precise as a Victorian tea timer. Past cycles, he notes, have topped in Q4 post-halving, a pattern as reliable as a bad pun. The current rally, 1,041 days old, is but a day shy of previous cycles. How poetic that time, that great satirist, mocks us with its symmetry. 🕰️
Cowen’s Forecast for the Coming Bear Market
Cowen, ever the optimist, believes the cycle’s end will be signaled by Bitcoin dropping below its 50-week SMA. “As long as it stays above $98k, I remain hopeful,” he says, as if hope were a Victorian virtue. The bear market of 2026, he predicts, will be a “civilized” 70% drop. Civilized, perhaps, but still a descent from the heights of one’s hubris. 🐻
And thus, the market dances on, a masquerade of charts and predictions. Will Ethereum don its crown? Will alts finally shine? Only time, that most elusive of guests, shall tell. 🎉
Read More
- SOL PREDICTION. SOL cryptocurrency
- Silver Rate Forecast
- USD COP PREDICTION
- EUR BRL PREDICTION
- WLD PREDICTION. WLD cryptocurrency
- EUR CLP PREDICTION
- KAS PREDICTION. KAS cryptocurrency
- CRO PREDICTION. CRO cryptocurrency
- How Wall Street Turned Bitcoin into a Playground for the Rich & Powerful (With Snacks) 🍿💰
- GBP EUR PREDICTION
2025-09-19 12:46