BTC Price Projection: $100,000 in Sight, Claims Macro Specialist
Lyn Alden, an esteemed macro expert, delves into the nuanced dynamics of the Bitcoin (BTC) market, highlighting a pivotal moment characterized by a pronounced supply shortage.
This scarcity arises as a significant portion of long-term Bitcoin holders opt to maintain their positions, refraining from selling amidst prevailing market conditions.
Alden elucidates that this supply constraint, juxtaposed against a backdrop of escalating global liquidity, forms a robust groundwork for Bitcoin’s potential surge beyond the $100,000 threshold in the foreseeable future.
Drawing parallels with historical market cycles, Alden elucidates that while previous upswings have typically triggered the release of older Bitcoin holdings into the market, the present cycle appears to exhibit a notably lower rate of such movements.
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This observation underscores the substantial growth potential that remains untapped within the market, suggesting ample room for Bitcoin’s value to appreciate significantly in the coming months.
With this analysis, Alden expresses a steadfast conviction in Bitcoin’s trajectory, foreseeing continued appreciation over the next 18 months, underpinned by conducive liquidity conditions and the requisite allure of higher prices to catalyze the unlocking of dormant assets.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
