Macro analyst says Bitcoin’s price could surge if the Fed reverses hawkish monetary policy measures

06/04 12:29

According to The Daily Hodl, macro analyst Lyn Alden says that Bitcoin (BTC) could rally higher over the coming months if certain conditions are fulfilled. Asked whether Bitcoin could revisit its all-time high this year, Alden says that the price of Bitcoin could surge if the Federal Reserve reverses its current hawkish monetary policy measures, such as raising interest rates and the unwinding of asset purchases. As for how Bitcoin will likely perform in the short term, Alden says BTC could still print new lows but highlights that Bitcoin is now trading at price levels favorable for long-term holders. Alden also notes that Bitcoin has historically proven to fare poorly when the economic environment is slowing down.
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