A final flush-out for altcoins may be coming as Bitcoin dominance surges. Crypto analysts predict short-term pain but hint at a potential altseason in 2025.
With Bitcoin market dominance reaching a high, altcoins may be set for one last “flush-out” before any chance of substantial gains. Notable analysts are seeing echoes of previous market cycles, suggesting a “final altcoin reckoning” similar to patterns seen in 2019. Could altcoins experience one more tough phase before an explosive recovery?
Key Points:
Predictions of a Final Flush for Altcoins
Crypto trader and ITC Crypto founder Benjamin Cowen predicted an imminent altcoin “reckoning,” set to peak by December 2024 or early January 2025.
Cowen likens current market conditions to 2019, expecting a short-term drop followed by a gradual recovery in 2025.
Historical Market Cycle Patterns
Previous market cycles show altcoins taking a final dip in Bitcoin-dominant periods, followed by gradual recovery and altseasons in post-halving years (e.g., 2017 and 2021).
Another analyst, "ardizor", suggests that altcoin seasons tend to follow these cycles, with patterns aligning with Bitcoin’s dominance.
Bitcoin Dominance and Altcoin Declines
Bitcoin's market dominance has surged to over 60%, its highest since March 2021, while altcoins like ETH, SOL, and BNB have lost 8–11%.
Analysts expect no significant altcoin movements until BTC dominance falls below 50%.
Potential for Altseason in 2025
Crypto investor Sensei speculated an altseason could start within days, although Cowen expects a sustained altcoin rally only after Bitcoin’s market share eases.
The current outlook for altcoins is cautious, with many expecting a challenging period before a potential resurgence. Historical patterns hint that a stronger altcoin market may return post-halving, but the immediate future points to Bitcoin dominance holding sway. Traders and investors are preparing for what could be the final chapter of this altcoin bear cycle, hoping for a brighter 2025.
Source: Cointelegraph
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