Bitcoin Market Update According to experts

Bitcoin Rally May Continue In The Coming Months, But There Is A Big Problem Macro expert Lyn Alden says macroeconomic conditions point to more Bitcoin (BTC) rallies in the next few months, but with a caveat. In a new interview with Natalie Brunell, Alden says that Bitcoin has historically proven to be a good play on USD liquidity, often rising in price as the money supply expands. Recently, he says, a slight liquidity easing has helped set the stage for BTC's rallies over the past few weeks. The macro expert predicts more price appreciation for king crypto, but says liquidity trends are still putting pressure on Bitcoin over the long term. "Historically, Bitcoin has been one of the purest liquidity games. When you look at various metrics of local or global liquidity, usually when liquidity goes up, it's pretty good for Bitcoin, and when liquidity drops, Bitcoin often goes down or sideways. Since the beginning of the fourth quarter of last year, some of the liquidity indicators have started to bottom and rise again, at least temporarily. I think Bitcoin would rally back then, if it weren't for the whole FTX debacle, just like any other rallying asset. This delayed the rally somewhat, but somehow it was resolved with this and now it is progressing, I think Bitcoin and other assets in the ecosystem are having their rally, which is really a liquidity rally. Basically, the liquidity indicators look good for the next few months, but overall, they're still not in a very good place in the long run." Alden says it is possible for Bitcoin to expect a scenario similar to March 2020 at some point before the next bull market; in this case, a sudden "liquidity shock" pushes the price of BTC down to retest macro bottoms before it quickly rises. "I wouldn't be surprised if it's something like a drastic retest, but it's too early to tell because it partly depends on what people, Jerome Powell, and the different boss makers are doing. And of course, this is not always possible to predict. But in general, historically, Bitcoin is very much associated with macro factors and liquidity in particular." Opinions and opinions expressed are those of the author and are not investment advice. Trading any form involves risk, so do your due diligence be. making a trading decision.