On the social network, X Cowen wrote that the US monetary policy remains quite strict, so the main altcoins will continue to fall in relation to bitcoin.
“The economy continues to be kept, they are delayed by a decrease in bets and, it seems, mitigation of monetary policy. So, it will remain tough, which speaks in favor of continuing the fall of graphs in ALT/BTC pairs, ”the analyst believes.
At the same time, Cowen noted, in the last two years, Altcoin/bitcoin couples have grown markedly at the end of autumn. Usually this happened in November and, quite possibly, will happen again this year.
The analyst also emphasized that you should not confuse the ALT/BTC and ALT/USD pairs – altcoin will continue to fall compared to bitcoin, but this does not mean that alternative cryptocurrencies will decrease in relation to the US dollar.
Recently, an analyst under the pseudonym Rekt Capital said that soon the current bull -clock cycle will end.
Source: Bits
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