Lyn Alden: Bitcoin (BTC) in ‘Deep Value Zone’ at Current Prices

Bitcoin is making headlines again due to the latest reports coming from macro guru Lyn Alden. Check out the latest notes below.

Accoridng tot he latest reports, it has been revealed that the macro expert Lyn Alden says that Bitcoin (BTC) is a “strong buy” at its current price but warns traders to keep in mind there may be volatility ahead.

In a new interview with Swan Signal, Alden said the fact that Bitcoin’s current value gives investors what may be a rare opportunity to accumulate BTC at such a price level.

On the other hand, it’s also important to note the fact that Alden says there is a possibility Bitcoin may dip in value later this year if federal monetary policies dry up liquidity.

“I do have some concerns around the second half of the year because once they resolve the debt ceiling, you’re going to see the Treasury almost certainly try to suck back liquidity out of the market to fill back up its Treasury account and if the Fed is still withdrawing liquidity at that time, you can have a rapid decrease in liquidity.”

She continued and said this: “So you could get negative retests. You could get consolidations, corrections.”

Alden says it’s hard to predict what the market conditions will be later this year along with the Federal Reserve’s monetary policies.

“But it’s unclear how it’s going to play out. It’s possible that the Fed will not even be able to still be quantitative tightening at that time. It’s possible that the Treasury will try to draw up very slowly. We don’t know exactly when or how the debt ceiling is going to be resolved.”

She continued and said this:

“So a lot of this is a guessing game and it’s hard to say if Bitcoin rallies and then corrects from whatever level it rallied to, it might not correct back down to where it is now, or it could.”