Well now, Mr. Cowen’s back again swingin’ his fancy charts and clever talk, proposin’ that ALT/BTC pairs are about as sturdy as a screen door on a submarine. He figures they’ll tumble from 0.34 to 0.32, with a long-haul goal that bottoms out round 0.25.
His mystical chart—bless its little digital heart—tracks the TOTAL3/BTC critters (that’s all the altcoins minus the two big mules, BTC and ETH) throwin’ themselves down a hill since the spring of ‘22 like they’re chasin’ runaway biscuits. Evidently, support’s crop up near 0.32 and 0.25, which, back in previous bear markets, were about as reliable as a promise from a snake oil salesman.
Cowen squints at his numbers and declares, “Bitcoin dominance could reach 66% soon.” In other words, folks might stampede back into Bitcoin like townspeople runnin’ from a windstorm, all lookin’ for safe haven in the grand old crypto barn.
This downtrend? Says it all: folks are clutchin’ their Bitcoin like it’s Granny’s last pie at a summer picnic and lettin’ those altcoins drift off into the sunset. BTC’s set to keep outmusclin’ the young upstarts till the market decides to quit bein’ jumpier than a frog on a hot skillet. 🚀🐸
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2025-05-08 04:32