Bitcoin’s Potential Peak In The Next Bull Cycle
According to macro analyst Lyn Alden, a $100,000 peak for Bitcoin in the next bull cycle would be underwhelming. Alden hopes that it will hit $200,000 or higher over the next two years.
Bitcoin’s Cycles Correlate With Global Liquidity Cycles
Alden, author of the book “Broken Money,” believes that the rise and fall of global liquidity is a strong indicator of Bitcoin’s cycles. She predicts an increase in liquidity between 2024 and 2025, which could lead to positive price movements for risk-on assets such as Bitcoin and other cryptos. According to Alden, Bitcoin is highly correlated with liquidity in terms of direction, although it’s not useful for evaluating the price magnitude.
Bitcoin Undergoes Slight Correction
The Bitcoin price underwent a slight correction in the past 24 hours and was changing hands at around $45,410 as of 4:55 AM EST. Despite this, BTC was still up more than 6% on the weekly timeframe and has surged 13% in a month and 167% in the past year.
Hot Take
Lyn Alden’s analysis provides insights into the potential peak of Bitcoin in the next bull cycle and its correlation with global liquidity cycles. Her prediction of a significant price rally in the coming years indicates a positive outlook for Bitcoin and other cryptocurrencies, which aligns with the current upward trajectory of the market.
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