Hartmann Capital founder: The downward trend of most altcoins may continue until the end of January 2025

Felix Hartmann, founder of venture capital firm Hartmann Capital, said that most altcoins may continue to fall and last until the end of January 2025. Hartmann wrote on X: "Some altcoins may continue to rise briefly, but most altcoins may slowly fall or consolidate within 2-6 weeks. In my opinion, there is not much opportunity to bet on the altcoin market here, because many altcoins have peaked after 2-3 fluctuations in a week." He added: "Although I expect some altcoins to be slightly lower, now seems to be a good time to restore long preferences." In addition, he believes that BTC is likely to return to $99,000, driven by short squeezes, new long positions and spot bottom-fishing (such as MARA activities).