Bitcoin Doesn’t Need Much Demand to Move Higher

[ed]

Despite near-term weakness, Alden argues Bitcoin doesn’t require a massive wave of new money to rally. She notes that long-term holders tend to absorb supply during downturns, creating a strong base. “It only takes a marginal amount of new demand,” she explained, as coins rotate from short-term traders into stronger hands unwilling to sell unless prices multiply significantly.

Still, she cautions against expecting a sharp V-shaped recovery. Historically, outside of extraordinary events like COVID-era stimulus, Bitcoin tends to grind sideways after major drawdowns. With BTC hovering around $67,000 and down sharply over the past month, Alden believes the market may remain in a prolonged consolidation phase before its next decisive move.

[cryptohog]

The consolidation point makes sense. Outside of 2020 stimulus insanity, Bitcoin usually chops around for months before the next leg