Matter of Time Before Altcoins Take Big Dive Against Bitcoin, According to Analyst Benjamin Cowen
Cryptocurrency analyst Benjamin Cowen is warning that altcoins may collapse in their Bitcoin (BTC) pairs any moment now. In a new strategy session, Cowen tells his 900,000 YouTube subscribers that the TOTAL 3 chart, which tracks the market cap of all digital assets excluding Bitcoin, Ethereum (ETH) and stablecoins, remains in a downtrend against the flagship crypto asset and has yet to find a market bottom. “I don’t care how great you think your altcoin community is. I don’t care if your developers that you follow have not yet rugged you. Altcoins, in my opinion, are oscillators at best against Bitcoin, and many of them just bleed to Bitcoin. So if individually altcoins will bleed to Bitcoin, then collectively they should as well, and that’s the reason why I think alt/Bitcoin pairs will eventually find themselves down here [at 0.25]. I think it’s just a matter of time.” Source: Benjamin Cowen/YouTube A move toward the support ar...