Analyst Benjamin Cowen predicts an eventful April for the crypto market.
Bitcoin Dominance and Volatility
Cowen expects high volatility, particularly in altcoin pairs against Bitcoin. If Bitcoin dominance rises by 5 percentage points from its current level of 49.6%, it could signal a bearish market where altcoins lose value faster than Bitcoin.
Peak Timing and US Monetary Policy
Cowen believes the timing of Bitcoin’s peak in this cycle depends on US monetary policy. If a recession occurs in Q4 2022, followed by increased printing by the Federal Reserve, another rally could occur in 2025.
Conclusion
Cowen’s analysis suggests that April will be a crucial month for Bitcoin and crypto, with potential for volatility and shifts in market sentiment.
