Trang chủ » blog » Bitcoin May Witness Massive Rally This Year, According to Macro Expert Lyn Alden – Here’s What Needs To Happen – The Daily Hodl

Bitcoin May Witness Massive Rally This Year, According to Macro Expert Lyn Alden – Here’s What Needs To Happen – The Daily Hodl

Macro analyst Lyn Alden says that Bitcoin ( BTC ) could rally higher over the total months if certain conditions are fulfilled .
Asked in a Coin Stories interview whether Bitcoin could revisit its all-time high this year, Alden says that the price of king crypto could surge if the Federal Reserve reverses its current militant monetary policy measures, such as raising interest rates and the relax of asset purchases .

“ I mean if you had a total capitulation, like if you had a pivot in Fed policy and a re-liquefaction of markets, it ’ s a reasonably high excitability asset [ Bitcoin ]. So you could have a pretty big swing up. You could retest some highs. ”

As for how Bitcoin will probably perform in the short condition, Alden says BTC could calm print new lows but highlights that the top crypto asset by market cap is now trading at price levels favorable for long-run holders .
I don ’ metric ton actually have a high conviction if we ’ re going lower or not. It ’ s not like Bitcoin inevitably bottoms american samoa soon as the economic indicators bottom. It ’ s not that correlated, right .
So it could bottom ahead of clock time, it could not. I think we ’ ra already in kind of a value range. But that doesn ’ metric ton base we can ’ thymine go lower. ”
Alden besides notes that Bitcoin has historically proven to fare ill when the economic environment is slowing down .
“ Historically, and the sample size is not big because I ’ megabyte talking about a 13-year-old asset, [ Bitcoin ] doesn ’ metric ton do well in economic decelerate environments .
And I had questions like, ‘ Okay would that pattern hold this time or because there ’ s higher ostentation ? ’ It ’ s the first time you ’ ve gone through a down hertz that ’ s inflationary in Bitcoin ’ mho history .
And I was like that ’ s a modern variable so I was like you know it ’ sulfur probably not going to be bang-up for price. But we will see. And indeed far, it has been pretty bad for price obviously. ”
Bitcoin is trading at $ 29,733 at time of writing.


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