Lyn Alden: Crypto Market Indicators Suggest Reduced Probability of 'Major Capitulation'
Market Outlook: Macro economist Lyn Alden suggests that a significant downturn for Bitcoin and the crypto market is unlikely, as current market conditions do not reflect euphoric levels that typically precede major capitulations.
Cycle Theory: Alden challenges the traditional four-year cycle theory, indicating that the market's trajectory is influenced more by macroeconomic factors and overall interest in the asset rather than halving events.
Diverging Opinions: While Alden remains optimistic about the market's stability, others, like Sigma Capital's Vineet Budki, predict a potential Bitcoin retracement of 65% to 70% within the next two years.
Investor Mindset: Alden emphasizes that investors should not expect guaranteed bull markets, stating, "No one is owed a bull market," and anticipates Bitcoin could reach $100,000 by 2026.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36137.94 | 48068.97 | 60407.96 | 72338.99 | 84677.98 | 96609.01 | 108948 |
| Fibonacci | 48068.97 | 57340.118 | 63067.842 | 72338.99 | 81610.138 | 87337.862 | 96609.01 |
About BTC
About the author
