Rally

Bitcoin

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-poised-for-six-figure-surge-predicts-lyn-alden/" data-wpel-link="internal">Bitcoin Poised for Six-Figure Surge, Predicts Lyn Alden</a><br></p>
<p style="text-align: justify">Famed macro guru <strong>Lyn Alden</strong> recently claimed that conditions are maturing for <a href="https://en.coin-turk.com/bitcoin-could-collapse-by-46-if-the-us-economy-enters-a-recession-warns-crypto-analyst/" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/altina-ilk-kez-bu-kadar-yaklasan-bitcoin-icin-korkutan-uyari-o-rakam-geliyor" data-wpel-link="internal">BTC</a>) to potentially reach the $100,000 threshold or higher. Alden expects the largest cryptocurrency to hit six figures within the next 18 months.</p> 
<h2 style="text-align: justify" id="strong-supply-shock-rally-analysis-strong"><strong>Supply Shock Rally Analysis</strong></h2> 
<p style="text-align: justify">In a new Blockworks Macro interview, Alden highlighted that <a href="https://en.coin-turk.com/bitcoin-price-predictions-surge-as-anthony-scaramucci-doubles-his-estimate/" data-wpel-link="internal">BTC</a> is currently experiencing a supply shock, with many long-term Bitcoin investors reluctant to sell their holdings at current price levels. According to the macro guru, this supply shock, combined with increased global liquidity, is setting the stage for a strong rally towards six-figure levels in the coming months.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-340733" src="https://coin-turk.com/wp-content/uploads/2024/04/bitcoin-neden-dusuyor-dusus-devam-eder-mi-soylentiyi-al-haberi-sat-uyarisi.jpg" alt="" width="740" height="415"></p> 
<p style="text-align: justify">Alden pointed out that various indicators suggest Bitcoin is currently in the middle of a bull run. Despite this, he remains optimistic about the performance of the largest cryptocurrency over the next 18 months, referencing its correlation with global liquidity trends. A key point Alden emphasized is the behavior of long-term investors, who are reluctant to sell large amounts during price rises, contributing to the limited supply of BTC.</p> 
<p style="text-align: justify">The macro guru also cautioned that while Bitcoin’s supply is indeed limited, historical models show that old BTCs could enter the market when there is significant price growth. However, Alden noted that compared to previous cycles, long-term investors in the current cycle are causing relatively less selling pressure, indicating that there is still room for significant price appreciation before any major sales occur.</p> 
<h2 style="text-align: justify" id="strong-anticipates-six-figure-levels-within-the-next-18-months-strong"><strong>Anticipates Six-Figure Levels Within the Next 18 Months</strong></h2> 
<p style="text-align: justify">Moreover, Alden expressed confidence in the general liquidity outlook, which he believes will support demand for Bitcoin. He also emphasized that higher prices are necessary to encourage long-term investors to part with their holdings, thereby meeting the increased demand.</p> 
<p style="text-align: justify">Alden, based on these factors, expects the largest cryptocurrency to reach six-figure levels within the next 18 months, stating that it would be a surprise if it did not.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-poised-for-six-figure-surge-predicts-lyn-alden/" data-wpel-link="internal">Bitcoin Poised for Six-Figure Surge, Predicts Lyn Alden</a></h5>

Bitcoin Poised for Six-Figure Surge, Predicts Lyn Alden

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