Bitcoin Price News: Why BTC May Have Hit Its Cycle Low Near $80,000
Photo: Coinpedia
Bitcoin is struggling to hold the low $80,000s. Macro investor Lyn Alden thinks the worst may already be over. Speaking on the Milk Road podcast, Alden said her base case is that Bitcoin’s bottom for this cycle “is in.” She added that the outlook is a matter of probabilities, not certainty. Alden is the founder of Lyn Alden Investment Strategy. The argument rests on how bear markets usually end: prices tend to bottom when everyone who wanted to sell has already sold. According to Alden: Most of the familiar structural risks are already reflected in the price, in Alden’s view.
Source: Coinpedia
