Macro guru Lyn Alden says that with increasing liquidity, it would be no surprise to see Bitcoin reach six figures – here's the timeline

According to macro expert Lyn Alden, conditions are favorable for Bitcoin (BTC) to reach a price of $100,000 or more.

In a new interview with Blockcworks Macro, Alden said that BTC is experiencing a supply shock as the majority of long-term Bitcoin holders are not yet ready to abandon their holdings at current prices.

According to Alden, the limited BTC supply combined with increasing global liquidity is proving to be a solid foundation for Bitcoin to rise to six figures in the coming months.

“For Bitcoin, most of the indicators I follow suggest that it is fairly mid-cycle in terms of the bull run. I still think the next 18 months look favorable for the asset. Again, global liquidity is pretty easy to track. For example, the on-chain indicators can show us how much long-term holders are selling into the current strength.

Because even if Bitcoin supply is limited, if the price increases three or five times in a relatively short period of time, some of these older coins will generally come into the market and meet the new demand. We have seen some of this, but so far this cycle we have seen less of it than in previous cycles.

I expect there is scope for both in terms of liquidity as it is quite constructive. That should help demand. And I still think there needs to be a higher price to unlock some of these older coins to meet this demand.

I would be surprised not to see six-figure Bitcoin values ​​in the next 18 months.”

At the time of writing, Bitcoin is trading at $63,758, up slightly in 24 hours.

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