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Altcoin Pairs Poised to Drop Further Against Bitcoin, Says Top Expert
By: coindoo|2025/05/08 09:45:03
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In his latest outlook, Cowen suggests that ALT/BTC pairs are likely to decline from the current 0.34 level down to 0.32, with a longer-term target of 0.25.Cowen’s chart illustrates the historical performance of the TOTAL3/BTC pair — which represents the total altcoin market cap (excluding BTC and ETH) versus Bitcoin. The downward trajectory, visible since early 2022, appears to be continuing in a steady descending channel. Support levels around 0.32 and 0.25 have historically served as key pivots during prior bear market phases.“Bitcoin dominance could rise to 66% soon,” Cowen notes — a shift that would signal increasing capital rotation back into BTC as investors seek safety in the most established crypto asset. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Cardano Faces Downward Pressure After Rejection at Key Resistance Level The chart’s long-term downtrend shows a market increasingly cautious about risk, with capital consolidating into Bitcoin during periods of macro uncertainty. This supports the thesis that BTC outperformance will persist until broader market sentiment improves.The post Altcoin Pairs Poised to Drop Further Against Bitcoin, Says Top Expert appeared first on Coindoo.
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