Sun Sep 15 11:45:44 UTC 2024: ## Altcoins Poised for Plunge in Q4 2024: Analyst Warns
**New York, NY** – A prominent crypto analyst, Benjamin Cowen, has issued a stark warning about the future of altcoins, predicting a significant decline in their value against Bitcoin before the end of the year. In a recent video update to his 813,000 YouTube subscribers, Cowen pointed to historical patterns and the impending interest rate-cutting cycle as factors driving this potential downturn.
Cowen’s analysis suggests that altcoin performance closely mirrors historical trends, showing a tendency to plummet towards the end of the year. He believes this trend is set to repeat itself in 2024, coinciding with the initiation of a new interest rate reduction cycle. He draws parallels between the current situation and the 2018-2020 period, highlighting a “trend line” that was repeatedly tested before the market bottomed out.
Cowen also emphasizes the role of global net liquidity in the predicted decline. He argues that dwindling liquidity, a key driver for digital assets, is directly linked to the weakness of altcoins against Bitcoin. He notes that the global net liquidity approximation has been consistently showing lower highs and lows, mirroring the recent breakdown in alt/Bitcoin pairs.
Based on this analysis, Cowen predicts that altcoin prices will face resistance around the 0.4 level against Bitcoin and ultimately fall back to range lows before the year ends. This forecast suggests a challenging period for altcoin investors in the coming months.
Cowen’s warning underscores the volatility inherent in the cryptocurrency market and highlights the importance of considering macro factors, including interest rates and liquidity, when making investment decisions.
First Piper 