Bitcoin 
$93,344While , continues to increase its market dominance, analyst Benjamin Cowen suggested that investors may turn to altcoins in this process. Cowen stated that new dynamics may occur in the market after Bitcoin exceeds the $100,000 level. The analyst stated that by exceeding this critical level, Bitcoin’s market dominance may decline.
“Extreme Greed” Signals in Bitcoin
While evaluating Bitcoin’s current market movements, Benjamin Cowen pointed out that the Fear and Greed Index exceeded the 90 level. This situation is interpreted as a signal of “excessive greed” in the market. Cowen said this level could indicate the market is overheating and a potential price correction.
The analyst stated that Bitcoin’s recent rise should push investors to be cautious. “Investors who do not take profits at high price levels may be harmed by an unexpected correction,” said Cowen, emphasizing that these periods when prices rise require careful strategy.
Cowen also stated that interest in altcoins may increase after Bitcoin reaches the $100,000 level. Stating that investors tend to turn to different projects after big gains, the analyst said, “This process may cause a significant increase in the market value of altcoins.”
Could Interest in Altcoins Increase?
With Bitcoin surpassing the $100,000 level, investors are expected to diversify their portfolios. Benjamin Cowen stated that this transition accelerated especially in the periods when the transition was made from quantitative tightening to quantitative easing. “If Bitcoin exceeds this level, it may attract investors’ attention to other cryptocurrencies,” the analyst said.
Cowen emphasized that following market dynamics closely is vital in this period. Stating that altcoins may benefit from increased interest, the analyst said that this transition process may create new opportunities in the market.
Bitcoin is currently trading at $92,137 and is up 2% in the last 24 hours. This movement in the market may be an important signal for investors to reconsider their strategies. Cowen said, “To be successful in the market, it is necessary to take the right steps at the right time,” and called on investors to attach importance to risk management.
The high volatility of the cryptocurrency market continues to present both opportunities and risks. Experts say investors should act carefully and strategically during these fluctuations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
