This Catalyst Will Set Off ‘Another Leg Higher’ for Bitcoin and Altcoins, Says Real Vision’s Chief Crypto Analyst Jamie Coutts
The chief crypto analyst at crypto media platform Real Vision, Jamie Coutts, says Bitcoin (BTC) and altcoins possess more upside potential. Coutts tells his 45,700 followers on X that a looser monetary policy could set the conditions necessary for a Bitcoin and altcoins rally, and a bear market thereafter. “Central banks, if (when) they reverse their balance sheet tightening, will set off another leg higher — with the move likely accentuated in altcoins. With that will likely come the conditions for a peak and potentially the setup for a deeper fall than what I would expect, worst case approximately 50%. We aren’t anywhere near that yet.” According to Coutts, it is unlikely that the crypto market has reached a cycle top yet despite the recent pullback. “Liquidity’s still supportive, but momentum refuses to deliver fireworks, frustrating everyone chasing a parabola. Looking ahead, global liquidity is lagging debt growth—cycle peak? Not likely....