The price of bitcoin has recently fallen, but according to macroeconomist Lyn Alden, this is just a correction and not the beginning of a major crash.
Alden believes that the current drop in BTC is natural in this cycle and there is no reason to panic.
In the medium term, bitcoin could recover to the level of 100,000 USD in 2026, and new ATHs are possible in the coming months or in 2027.
Correction in a downward trend
Since the October ATH at 126,100 USD, bitcoin has been in a downward trend, reaching a local minimum of 80,700 USD, before bouncing back to 85,600 USD.
During this time, many investors lost patience, assuming that the cycle had ended due to the time that had passed since the last halving.
Lyn Alden emphasizes, however, that the four-year halving cycle no longer determines market dynamics.
The current trend is mainly driven by macroeconomic factors, falling interest rates, and increasing interest in the asset itself.
"Usually, it is not as good as people expect, and it is not as bad as they expect," summarizes Alden.
Additionally, the favorable macroeconomic environment supports BTC: the Fed ends quantitative tightening on December 1, and the US government may launch a check payment program of $2,000, which further increases liquidity in the market.
In short: declines are currently a healthy correction in the bull cycle, and bitcoin can still reach new highs in the coming months.
