Bitcoin Bullish Projections: Analyst Lyn Alden Expects More Than $100,000
Renowned macro analyst Lyn Alden has expressed her bullish sentiments toward Bitcoin, emphasizing that the widely speculated $100,000 prediction might fall short of capturing the true potential of the current bull cycle. While Bitcoin recently surged past $45,000 amid growing optimism surrounding the potential approval of spot Bitcoin ETFs, a downturn followed due to a negative report from Matrixport.
In a recent appearance on Peter McCormack’s podcast, Lyn Alden, a respected figure in macro analysis and cryptocurrency, shared her insights on Bitcoin’s future price trajectory. Alden, who believes in a strong correlation between Bitcoin cycles and global liquidity, dismissed the $100,000 projection as inadequate for the ongoing bullish cycle.
Alden highlighted her positive outlook on global liquidity for 2024 and 2025, indicating potential benefits for risk assets like Bitcoin. Anticipating six-digit figures for Bitcoin’s price, she asserted that $100,000 would be a conservative estimate for the current bull market cycle. Expressing confidence in a favorable liquidity scenario, Alden predicted a substantial rise, envisioning a scenario where Bitcoin could surge by approximately 340% from its current levels before the close of 2025.
The seasoned analyst emphasized her primary expectation of witnessing new all-time highs, expressing hope that Bitcoin’s value would surpass $100,000. Alden suggested that aiming for $200,000 or beyond in the next two-plus years aligns more closely with her optimistic projections. She concluded by noting that while the correlation between global liquidity and Bitcoin cycles offers insights, it doesn’t precisely indicate the specific highs or lows Bitcoin’s price might reach. Alden’s bullish outlook positions her as one of the voices anticipating significant gains for Bitcoin in the coming years.
This insightful commentary from Lyn Alden underscores the complexity and dynamism of the cryptocurrency market, where expert opinions play a crucial role in shaping investor sentiment and market trends. Stay tuned for further developments as Bitcoin’s journey unfolds in the evolving landscape of digital assets.