Reasons Why a Significant Bitcoin Sell-off Appears Improbable

Bitcoin's Market Dynamics: Alden argues that Bitcoin's current downturn is influenced more by macroeconomic factors than the traditional halving cycle, suggesting a slow recovery rather than a collapse, with a potential return to $100K by 2026.

Diverging Opinions: There is a stark contrast in market sentiment, with some experts predicting a significant decline in Bitcoin's value, while others remain optimistic about its long-term growth trajectory.

Volatility and Market Sentiment: Bitcoin's recent volatility reflects uncertainty, with significant price fluctuations disappointing traders who anticipated a strong fourth quarter, highlighting the psychological risks of entitlement in investing.

Cautious Optimism: Alden maintains a constructive yet cautious outlook, believing that future growth will be gradual rather than explosive, with new all-time highs possible in 2026 or 2027 depending on global economic conditions.