Benjamin Cowen's Crypto Update: Key Insights on Bitcoin and AltSeason

1. What does Bitcoin need to do for AltSeason to begin?

According to Benjamin Cowen, Bitcoin needs to establish stability or a clear upward trend in its dominance (BTC.D) before AltSeason can begin. Historically, altcoins tend to rally when Bitcoin's dominance plateaus or declines after a period of consolidation or growth. This signals capital rotation from Bitcoin into altcoins.

2. What market cycle phase is Bitcoin in currently?

Benjamin Cowen analyzes Bitcoin's market cycles and suggests that Bitcoin is likely in the late stages of its bear market or early stages of a new bull cycle. Key indicators include historical halving patterns, moving averages, and investor sentiment. The end of the year could bring significant volatility or a trend reversal based on these cycles.

3. What is 'about to hit the market' in crypto?

Cowen hints at a major market shift by the end of the year, possibly driven by macroeconomic factors (e.g., Fed policy changes), Bitcoin ETF developments, or cyclical trends. He emphasizes preparedness for volatility, as this could trigger either a strong rally or a final corrective phase before a new bull market.