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+1.22%
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+1.03%
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556
+1.18%
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Bitcoin To âChop Altcoin Market Upâ in Consolidation Period, Says Analyst Benjamin Cowen â Hereâs His ForecastA popular crypto analyst predicts that Bitcoin will continue to dominate the market and trade close to its record highs, causing a potential decline in altcoins. The analyst suggests that Bitcoin's current price above $60,000 is due to traders shifting their investments from altcoins to BTC. Once liquidity in the altcoin markets is exhausted, Bitcoin is expected to experience a larger correction. The analyst also highlights that the next two weeks will be crucial in determining whether Bitcoin will undergo a correction similar to the one in mid-2019. Additionally, the analyst forecasts that Bitcoin's outperformance of Ethereum will likely end by July. At the time of writing, Bitcoin is trading at $70,946, showing a 7% increase in the past 24 hours. $BTC $BNB $ETH
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