Matthew Hyland Sees Crypto Bull Market Lasting Another 2 to 3 Years as Macro Backdrop Shifts
JH Kim
Summary
- Matthew Hyland said the cryptocurrency market could remain in a bull market for the next two to three years as the macroeconomic backdrop shifts.
- He said 2014 to 2016, 2018 to 2020 and 2022 to 2026 were periods of bear markets in macro risk assets, and that major rallies followed in the cryptocurrency market afterward.
- He also said Bitcoin (BTC) dominance has formed a death cross and that an altcoin dominance golden cross could emerge this fall, a pattern similar to the early stages of past bull markets.
Forecast Trend Report by Period
Cryptocurrency analyst Matthew Hyland said the digital-asset market could stay in a bull phase for the next two to three years as the macroeconomic backdrop shifts.
CryptoPotato reported on July 7 that Hyland views 2014 to 2016, 2018 to 2020 and 2022 to 2026 as bear-market periods for macro risk assets. He added that crypto markets posted major rallies after those phases ended in the past.
Hyland also said Bitcoin dominance has formed a death cross for the first time since 2016 and 2020. He expects altcoin dominance to form a golden cross this fall, a pattern he said resembles the early stages of past bull markets.
JH Kim
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