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Sunday Nov 23 2025 05:00
2 min
A significant downside plunge for Bitcoin and the broader crypto market doesn’t look likely at this stage, according to macroeconomist Lyn Alden. During a recent podcast interview, Alden stated, “We haven’t hit euphoric levels in this cycle; therefore, there is less of a reason to expect a kind of major capitulation.”
She also dismissed the idea that the four-year cycle is still intact, saying, “The cycle could go on for longer than people can expect, because it’s not driven by the halving, it’s driven by broader macro and interest in the asset itself.” This sentiment mirrors comments from other crypto industry executives.
However, not everyone agrees with Alden that a major capitulation is off the table for now. Vineet Budki, CEO of venture firm Sigma Capital, recently predicted a Bitcoin retracement of 65% to 70% in the next two years.
Alden stated that market outcomes rarely match the extremes investors imagine. “It’s usually not as good as people expect and it’s usually not as bad as people expect is often how these things play out,” she said.
This comes as Bitcoin has been in a downtrend since hitting new all-time highs of $125,100 on Oct. 5, dropping to as low as $80,700 on Thursday before recovering slightly to $85,710 at the time of publication, according to CoinMarketCap.
Market sentiment has also fallen, as many traders were expecting year-end strength and even new highs, with some calling for a move toward $250,000.
Bitcoin’s recent price dip has traders obsessing over when the next uptrend will begin, but Alden said investors need to stop treating bull cycles like they’re guaranteed. “People kind of get in their mindset where they are owed a bull market,” Alden said.
Alden expects Bitcoin to reclaim the $100,000 level in 2026 and to either set new all-time highs that year or, if not, in 2027.
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