Top Macro Analyst Says $100K Bitcoin Price Would Be ‘’Disappointing’’ In Next Bull Run, Hopes For $200K

Updated: 03 January 2024

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Macro analyst Lyn Alden said that a $100,000 peak for Bitcoin in the next bull cycle would be underwhelming and hopes it will hit $200,000 or higher over about the next two years .

“I think that something like $100,000 plus would be kind of disappointing for a bull market cycle, especially after the prior bull market cycle was on the disappointing end, too,” said Alden in an interview on the What Bitcoin Did podcast.

“My base-case expectation is for new all-time highs, hopefully over $100,000,” said Alden, head of Lyn Alden Investment Strategy. “That range is entirely reasonable. I’d kind of hope for $200,000 or more over the next two-plus 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 even though she says the metric can’t show exactly how high the Bitcoin price could rise.

“Bitcoin is highly correlated with liquidity in terms of direction, but there’s very little way to judge a price from it,” she said. “It’s not really useful for magnitude, so it’s not one of those stock-to-flow models where you can say, ‘Okay, at this date it should be this price.’

She predicted that there will be 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. Alden went on to share a scenario where the Bitcoin price rallies by around 340% from its current prices before the end of 2025.

The Bitcoin price underwent a slight correction in the past 24 hours, according to CoinMarketCap. As a result, the leading cryptocurrency was changing hands at around $45,410 as of 4:55 AM EST.

Despite this latest drop in price, BTC was still up more than 6% on the weekly timeframe. The king of cryptocurrencies has surged 13% in a month and 167% in the past year.