The cryptocurrency market, especially for altcoins, is facing a challenging period. 

Experts like Felix Hartmann predict a downtrend for most altcoins until late January 2025. 

Recent market trends, including significant liquidations and double-digit percentage declines in major altcoins, support this bearish outlook. 

While Bitcoin, the leading cryptocurrency, has also experienced volatility, some analysts remain optimistic. They believe it could retest the $99,000 level due to potential short squeezes and accumulating liquidity. 

However, amidst this uncertainty, many investors are adopting a cautious approach, viewing the current downturn as a necessary correction before future market rebounds.