US EditionAltcoin Pairs Poised to Drop Further Against Bitcoin, Says Top Expert
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Altcoin Pairs Poised to Drop Further Against Bitcoin, Says Top Expert
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…
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