A leading expert, Cowen, anticipates further declines for altcoin pairs against Bitcoin. He projects a drop from the current 0.34 level to 0.32 before reaching a longer-term target of 0.25. Cowen’s analysis incorporates historical performance data from the TOTAL3/BTC pair – representing the total market cap of all altcoins (excluding Bitcoin and Ethereum) versus Bitcoin itself. The chart reveals a consistent downward trajectory since early 2022, continuing to follow a steady descending channel. Key support levels around 0.32 and 0.25 have historically acted as critical turning points during previous bear market phases. Cowen predicts that Bitcoin dominance could rise to 66% soon, indicating a shift towards BTC as investors seek stability in this established cryptocurrency asset amidst uncertainties.