Bitcoin Is In Deep Value Area, Says Macro Expert Lyn Alden

There are various predicitons about the price of Bitcoin these days, and they continue on the bullish side. Check out the latest bullish Bitcoin prediction.

It’s been just revealed that the important macro analyst Lyn Alden says that Bitcoin (BTC) is likely approaching a “deep value” range as certain metrics start to signal a bottom is in.

In a new interview with Blockware Intelligence, Alden says Bitcoin’s current price range is presenting opportunities for market participants who have a long-term investment thesis on BTC.

“I think this mid-$20,000 area is super deep value. When you look at things like dormancy flow, a bunch of different on-chain indicators are kind of deep value. At the end of the day, you can have these wicks that go well below that if there’s kind of like a liquidity crisis.”

Alden continued and said the following:

“But overall, I think we’re kind of in that range where – I don’t know exactly where the bottom is going to be obviously – I think we’re in the phase where if you’re dollar cost averaging in or you’re layering in purchases, I think this is a good place to do it. I think trying to catch some sort of micro bottom is kind of a fool’s game.”

A crypto strategist and trader who has long predicted a massive Bitcoin crash below $30,000 is revealing how low he believes BTC will go.

The pseudonymous crypto analyst Capo said that Bitcoin’s free fall is not over yet.

He cited the very large whale transfers of BTC to crypto exchanges as the main force driving the current crash. He also made sure to warn that there is a significant amount of Ethereum has also been sent to the crypto exchange FTX.