Crypto Analyst Benjamin Cowen Predicts Multi-Month Correction for Bitcoin, Says Time To Rip Band-Aid Off for Altcoins

币界网报道:Crypto analyst Benjamin Cowen warns that Bitcoin (BTC) could face a multi-month correction, potentially impacting altcoins significantly. Cowen suggests that Bitcoin may undergo a prolonged downtrend, similar to past cycles, before resuming its bull run. He emphasizes that altcoins, which have already seen steep declines, might need to "rip the band-aid off" and experience further downside before stabilizing. According to Cowen, Bitcoin's dominance could rise during this period, pressuring altcoin valuations. While he remains long-term bullish on crypto, he advises investors to prepare for extended volatility and potential deeper corrections in the near term. His analysis draws parallels to previous market cycles where altcoins underperformed Bitcoin before eventually recovering.

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