Lyn Alden had something important to say about Bitcoin and a potential structural bull run. Check out the latest reports about this below.
Bitcoin and a structural bull run
According to Lyn Alden, an expert in macroeconomics, the current Bitcoin bull market is still ongoing as long-term holders are not selling their coins despite the year-long rally of BTC.
During an interview with crypto influencer Natalie Brunell on her YouTube channel, Alden stated that BTC is in the early stages of its structural bull run.
She emphasized that she has not noticed any indications of long-term BTC holders selling their coins even though Bitcoin’s value has increased by approximately 160% in the last 12 months.
“So far, we’ve not really seen any sign of distribution. So when Bitcoin goes through major bull runs, normally some of those older holders start to sell into that market strength. Maybe they want to rebalance, maybe they want to consume… so you see some of that distribution as new buyers come in and that process hasn’t even started yet based on any sort of on-chain analysis you look at.
I still think we’re very early in this structural bull run, but I do think it’s important not to take a bull run for granted. It’s not necessarily owed to you just because the halving is happening or just because it’s on that cycle. I think it’s probably still likely over the next two years but it is important to manage your expectations and risk accordingly.”
Alden recently predicted that Bitcoin could reach up to $200,000 by the end of 2025, citing its correlation to global liquidity.
Earlier today, we revealed the fact that a crypto trader, who has a record of accurately predicting Bitcoin’s market trends, has recently shared his roadmap for Bitcoin to reach a price of $90,000. In a strategy session, crypto analyst DonAlt explained to his 56,400 YouTube subscribers that if spot market Bitcoin exchange-traded funds (ETFs) are approved, BTC will rise steadily towards the resistance level at $60,000.
DonAlt also predicts a quick and aggressive correction after Bitcoin hits $60,000. However, he also believes that there will be a subsequent rally that will push BTC to as high as $90,000.
