Altcoin season is unlikely before 2025, says crypto analyst Benjamin Cowen.

Key receivers

Bitcoin's market dominance has reached 60%, suggesting that altcoins may not rally until 2025. Altcoin rallies have historically followed strong Bitcoin rallies, but a parabolic Bitcoin run is needed for this.

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Benjamin Cowen has predicted that a complete altcoin era won't materialize until 2025, given Bitcoin's strength and current market volatility, in his new YouTube video.

“Altcoins are steadily losing ground to Bitcoin, and I believe altcoins will not have a sustained period until 2025,” Cowen said. “Historically, alt seasons follow strong Bitcoin rallies, so unless Bitcoin experiences a parabolic run, we may not see an alt season.”

According to Cowen, Bitcoin's recent dominance of 60 percent could keep altcoins under pressure for the foreseeable future, with many altcoin pairs hitting new lows against Bitcoin.

Cowen argues that Bitcoin's recent price behavior is consistent with its historical cyclical patterns, which typically favor Bitcoin over altcoins, particularly in semi-annual cycles.

If it stays above $70,000 on the weekly chart, Bitcoin has potential for further gains.

Conversely, if Bitcoin falls below that level, he suggested, a “monetary policy outlook” would prevail, indicating softness in both Bitcoin and altcoins.

Discussing the altcoin pair, Cowen emphasized their continued struggles, noting that altcoins have traditionally lagged behind Bitcoin during their periods of dominance.

Until bitcoin gains a significant rally and investors start taking profits, Cowen sees little incentive for the altcoin's continued rise.

Ultimately, Cowen suggests that the rest of Bitcoin's path to 2024 hinges on holding above $70,000, with upcoming labor market data poised to play a crucial role.

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