Lyn Alden, known as a macro expert, Bitcoin He is of the opinion that conditions are favorable for its price to reach a price tag of $ 100,000 or even higher.
Speaking in a new interview with Blockcworks Macro Lyn Aldensays BTC is witnessing a supply shock because most of its long-term investors are not yet ready to part with their stacks at current prices.
According to Alden, the limited BTC supply and increased global liquidity create a solid basis for Bitcoin to rise to six figures in the coming months.
“A significant number of the indicators I follow in Bitcoin point to a mid-cycle bull run. I still believe the next 18 months look positive for the asset. Again, it tracks global liquidity pretty well. On-chain data can tell us, for example, how much long-term holders are selling into existing power.
Because even though the supply of Bitcoin is limited, if the price increases by 3x or 5x in a fairly short period of time, usually some of these older coins will start to come onto the market and start to meet the new demand. We’ve seen some of that, but so far this cycle we’ve seen less than in previous cycles.
I think there is room for maneuver for both sides because the liquidity side is quite constructive. This is an important development that helps demand. However, I think there should be a higher price to unlock some of the older coins to meet this demand.
“I would be surprised if we don’t see six-digit Bitcoin in the next 18 months.”
At the time of writing, Bitcoin was trading at $63,758 and has increased slightly in 24 hours.
