According to analyst Benjamin Cowen, due to the rise in Bitcoin's market dominance, the expected altcoin season may be delayed a bit longer, and short-term value losses may occur in altcoins. On the other hand, Bitcoin's technical outlook is not very bright either; there is a possibility of breaking the critical support of $93,000. In contrast, Wall Street analysts predict a major bull run could begin around the end of 2025 and early 2026 with a more hopeful perspective.

If we need to make a somewhat realistic assessment for altcoin investors, unfortunately, the signals coming from the market do not yet indicate the expected rise period. Especially after the geopolitical tensions in the Middle East, Bitcoin's momentary fall below the psychologically significant level of $100,000 has made investors a bit uneasy. So, what does this situation mean for altcoins?

Respected analyst Benjamin Cowen warns that the altcoin season may be delayed. The main reason for this is that Bitcoin's dominance is increasing rather than decreasing. When we think about the market pie, Bitcoin currently covers more than 65% of the pie, and according to Cowen, this rate could rise to 70%. This means that money is staying in Bitcoin instead of flowing to altcoins, or it is moving out of altcoins and returning to Bitcoin. As a result, altcoins continue to lose value. Cowen emphasizes that we may not see the market's bottom points until August-September and that patience is important.

On the Bitcoin front, technical indicators are not very encouraging either. Negative signals and a potential double top formation on the weekly charts indicate that there may be a correction ahead. If the support level of $93,000 is broken, there is a possibility that the price could drop to around $76,000, which could be a challenging process for the entire market.

Still, not every outlook is so pessimistic. Some experts on Wall Street predict that the real major bull run could start in the last quarter of 2025 and continue into early 2026. If such a scenario occurs, a strong rally that could reveal the true potentials of altcoins may open up.

Currently, the market is divided: In the short term, Bitcoin's dominance is putting pressure on altcoins, but in the long term, the hope for a new bull season remains alive. It seems that before the major rise of altcoins begins, Bitcoin needs to solidify its own position and clarify its direction. Patience will continue to be the most important virtue in this process.


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