Macro analyst Lyn Alden says that the king crypto (Bitcoin) could rally higher over the coming months if certain conditions are fulfilled.
Asked in a Coin Stories interview whether BTC could revisit its all-time high this year, Alden says that the price of leading cryptocurrency could surge if the Federal Reserve reverses its current hawkish monetary policy measures, such as raising interest rates and the unwinding of asset purchases.
“I mean if you had a total capitulation, like if you had a pivot in Fed policy and a re-liquefaction of markets, it’s a pretty high volatility asset [Bitcoin]. So you could have a pretty big swing up. You could retest some highs.”
Learn more about your ad choices. Visit megaphone.fm/adchoices
Bitcoin News Alerts | Daily BTC News