BTC in Initial Phases of Long-Term Bullish Trend, Asserts Lyn Alden Amid Absence of Distribution Signals
Renowned macroeconomics expert Lyn Alden asserts that Bitcoin’s enduring bull market remains robust, emphasizing that the cryptocurrency is still in the early phases of its structural upward trajectory.
In an interview on Natalie Brunell’s YouTube channel, Alden notes the absence of signs indicating long-term Bitcoin holders selling their coins. Despite the digital asset’s remarkable 160% surge over the past 12 months. She highlights the typical pattern of distribution during major bull runs, where older holders tend to sell into market strength, but as per on-chain analysis, this trend has yet to commence.
Alden cautions that while the structural bull run appears to be in its early stages. It’s essential not to take it for granted, advising a prudent approach to managing expectations and risks. Earlier predictions from Alden suggested that Bitcoin’s cycles align with global liquidity. Foreseeing a potential rally to $200,000 by the end of 2025. Presently, Bitcoin is valued at $43,010.
Clever Robot News Desk 15th January 2024
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