Cowen: Most Altcoins in Serious Decline and Unlikely to Reach New Highs as Bitcoin Stays Resilient

Benjamin Cowen says majority of altcoins are in serious declines and will never see new all-time highs again.

Altcoin declines being overlooked due to Bitcoin's resilience, but if Bitcoin declines it will crush altcoins further.

Very few altcoins will ever hit new all-time highs again, maybe 1 out of 10 or 50 or 100.

Next Bitcoin bull market could be sparked by massive BTC capitulation event that rinses out weak hands.

Bitcoin able to provide decent upside exposure in pre-halving year while minimizing altcoin downside risk.