<\/p>\n
A widely followed economist thinks Bitcoin (BTC<\/a>) is now in the midst of an extended bull market where traders and investors quickly absorb any sell pressure.<\/p>\n Alex Kr\u00fcger tells his 166,100 followers on the social media platform X that Bitcoin is now in a supercycle and that demand for BTC will overwhelm market supply en route to a six-figure price tag.<\/p>\n Although the economist says crypto is starting to give off bearish signals, he notes<\/a> that inflows from spot market exchange-traded funds (ETFs) can invalidate those readings and push Bitcoin to greater heights.<\/p>\n \u201cBitcoin is in a supercycle (shorter shallower dips).<\/em><\/p>\n Macro is still looking good.<\/em><\/p>\n Crypto markets are heated up and euphoric.<\/em><\/p>\n ETF inflows can sustain and drive prices further regardless.\u201d<\/em><\/p>\n Kr\u00fcger also sees Bitcoin rallying to as high as $85,000 only to witness a 35% devaluation after.<\/p>\n \u201cCan see something like this: $85,000 => $55,000 => $120,000 => $85,000.\u201d<\/em><\/p>\n As for the timing of BTC\u2019s corrective move, the economist thinks it can happen close to the April 2024 halving, when BTC miners\u2019 rewards get cut in half.<\/p>\n \u201cA large correction around the halving makes sense. <\/em><\/p>\n A larger correction around an ETH ETF rejection makes sense. <\/em><\/p>\n Regardless of path, expecting continuation higher, higher prices by year-end, and much higher prices by cycle end\u2026\u00a0<\/em><\/p>\n Round numbers s<\/span>uch as $100,000 are meant to be run over.\u201d\u00a0<\/span><\/em><\/p>\n The trader is also bullish<\/a> on a number of crypto categories.<\/p>\n \u201c- The crypto-AI (artificial intelligence) intersection<\/em><\/p>\n \u2013 The upcoming Eigenlayer ecosystem<\/em><\/p>\n \u2013 The new Bitcoin ecosystem <\/em><\/p>\n \u2013 Solana (mostly beta)<\/em><\/p>\n \u2013 Monad<\/em><\/p>\n \u2013 GameFi <\/em><\/p>\n \u2013 Airdrops <\/em><\/p>\n \u2013 Winners in the perps DeFi (decentralized finance) category.\u201d<\/em><\/p>\n At time of writing, BTC is trading for $68,540.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A widely followed economist thinks Bitcoin (BTC) is now in the midst of an extended bull market where traders and investors quickly absorb any sell pressure. Alex Kr\u00fcger tells his 166,100 followers on the social media platform X that Bitcoin is now in a supercycle and that demand for BTC will overwhelm market supply en […]<\/p>\n","protected":false},"author":2,"featured_media":144956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-262701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/262701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=262701"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/262701\/revisions"}],"predecessor-version":[{"id":262703,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/262701\/revisions\/262703"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/144956"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=262701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=262701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=262701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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