$100,000 would be a disappointment for the Bitcoin bull market cycle, according to Macro Guru Lyn Alden. Making a statement about his Bitcoin prediction, Alden’s eyes are higher. Meanwhile, an analyst who predicts a crypto crash in 2021 says BTC has hit the springboard!
“A $100,000 peak for Bitcoin would be an overwhelming result!”
cryptokoin.comAs you follow from , Bitcoin price saw a sharp decline following the latest developments. However, there is not much change in the long-term outlook of most analysts for Bitcoin forecast. Some even say that the price of 100 thousand dollars would be insufficient. Popular macro expert Lyn Alden believes a $100,000 top would be an overwhelming outcome for Bitcoin during the next market expansion. Alden says the rise or fall of global liquidity is a solid indicator of Bitcoin’s cycles.
While the expert emphasizes the correlation between liquidity and BTC, he notes that this metric does not provide any indication of how high or low the price of BTC may be. In this context, Alden makes the following statement regarding his Bitcoin prediction:
In terms of direction, Bitcoin is highly correlated with liquidity. But there is little way to make a price assessment from this. Not really useful for size. So it’s not one of those stock-to-flow models where you can say, ‘Okay, this price should be on this date.’ I think a lot of this is really hard to evaluate.
Expert’s Bitcoin prediction: $200 thousand or more!
Alden predicts a “spectrum” spanning 2024 and 2025 will be “positive for liquidity” and risky assets like Bitcoin. The expert puts forward a scenario in which Bitcoin rises by approximately 340% from current prices before the end of 2025. He explains this Bitcoin prediction scenario as follows:
My main expectation is that it will reach an all-time high. I hope it gets over $100,000, so hopefully it gets into six figures. But then literally this range… this range is completely reasonable. In fact, I hesitate to predict where this will lead. I think a figure like $100,000 for Bitcoin would be a bit disappointing for a bull market cycle. Especially after the previous bull market cycle was also disappointing. So I’m hoping for $200,000 or more over the next two-plus years.
Analyst: Bitcoin is preparing for a sudden rally!
An analyst nicknamed Dave the Wave, who correctly predicted the crypto market crash of 2021, says Bitcoin (BTC) is likely poised for a sudden rally. For Bitcoin prediction, the analyst looks at Bitcoin’s price movement on the monthly chart. He notes that this touched an important support level in the Gaussian channel. Gaussian channels are momentum indicators that can be used to identify price reversals. This indicator historically marks the beginning of a move higher. “So far, the BTC monthly Gaussian channel has served as a springboard for the price,” the analyst said. says.
For Bitcoin prediction, the analyst marks on his chart previous instances where Bitcoin reached the Gaussian channel on the monthly chart. Based on these examples, BTC is trending upward after respecting the technical indicator as support. The analyst also says that the beginning of 2024 will spark a Bitcoin surge as the price action forms an ascending triangle formation.
However, the analyst notes that most people do not expect Bitcoin to quickly rise to new all-time highs. For his Bitcoin prediction, the analyst said, “I don’t think many BTC watchers expected something like this chart.” says.
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