Benjamin Cowen named the conditions for the start of the altcoin season

Crypto analyst Benjamin Cowen (Benjamin Cowen) named the factors that could favor the altcoin season and made a Bitcoin price forecast for the end of the year.
Cowen suggested that the dynamics of altcoins in the coming months will heavily depend on the movements of the two major cryptocurrencies: Bitcoin and Ethereum. According to the analyst's forecast, Bitcoin will manage to reach its peak between $130 000 and $155 000 in October to December. The crypto expert is confident that Bitcoin's bull rally is not over yet, and the coin has potential for growth. Cowen considers two scenarios likely.

Pessimistic scenario: the returns of the current cycle indicate that Bitcoin has already peaked. In that case, altcoins will show limited growth in the short term.
Optimistic scenario: if we compare the Bitcoin cycle with the cycle of 2017, by the end of the fourth quarter of 2025, the cryptocurrency should make another leap upward.
As for altcoins, a key benchmark for their growth could be Ethereum if it reaches the important mark $5000 and can hold there. Altcoin rallies usually occur after Ethereum hits new all-time highs, not before, Cowen explained. For the continuation of the cryptocurrency market's growth, capital needs to return to Bitcoin, which will be a driving factor. A sustained increase in Bitcoin will raise the price of Ethereum and other altcoins, Cowen believes.

"If Bitcoin's dominance rises along with its price, then altcoins will follow suit. If Bitcoin falls, altcoins may collapse even harder," suggested the crypto analyst.

Analysts at the American bank JPMorgan believe that by the end of the year, the price of Bitcoin could reach $165 000 — thanks to investments from corporate investors in cryptocurrency. The rise of Bitcoin may be accelerated by instability in traditional markets, according to the bank's analysts.