LONDON (IT BOLTWISE) – The Bitcoin market is showing resilience despite a 22.46% decline in the last 30 days. Experts like Lyn Alden see no signs of imminent capitulation as market conditions do not point to euphoria.
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The Bitcoin market has shown remarkable stability in recent weeks, despite a significant price decline. According to macroeconomist Lyn Alden, there are currently no signs of a major slump imminent. Alden argues that the current market phase is not characterized by excessive euphoria, which reduces the risk of capitulation.
Unlike previous cycles that were heavily influenced by the Bitcoin halvings, the current market trajectory is more driven by macroeconomic factors and general interest in cryptocurrencies. This assessment is also shared by Matt Hougan, Chief Investment Officer of Bitwise, who sees the four-year cycle theory as outdated and assumes a longer market phase.
However, there are also skeptical voices. Vineet Budki, CEO of Sigma Capital, predicts a possible 65% to 70% decline in Bitcoin price over the next two years. Still, Alden emphasizes that market developments rarely meet investors’ extreme expectations. She points out that the results are often neither as positive nor as negative as many expect.
Bitcoin’s recent price drop, which fell from a high of $125,100 to $80,700, has dampened market sentiment. Still, Alden remains optimistic and expects Bitcoin could reclaim $100,000 by 2026. She emphasizes that investors should not rely on guaranteed bull cycles but must accept the volatility of the market.
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