Leading macro strategist Mel Mattison is known for his in-depth analysis of global markets and digital assets.
In a conversation with Anthony Pompliano to discuss the key macro factors shaping the market, Mattison explained that he believes Bitcoin (BTC) is gearing up for its next big rally and that the bottom is in sight.
Mattison's analysis suggests that Bitcoin is quietly forming a strong foundation. The strategist has set an ambitious short-term goal starting from the current level.
Mel Mattison predicts that Bitcoin could rise 50% to $150,000 by the end of February. He also notes that $140,000 is still possible by the end of the year.
Mattison interprets Bitcoin's recent fall from around $98,000 as a “healthy move” reaching the lower end of a two-year upward channel and a “bottom” that lays the foundation for the next big move.
Mattison said Bitcoin needed some breathing room after its incredible rally over the past two years, and that during this period of consolidation, the supply held by early investors was dispersed to the broader market through ETFs from financial institutions like BlackRock, and this was a healthy process that occurred without causing the price to collapse.
The global macroeconomic and geopolitical factors discussed during the conversation qualify as “difficult” in Mattison's analysis, but they do not pose a structural threat to end the secular bull market.
Mattison acknowledged that issues such as the U.S. Supreme Court ruling on tariffs, a possible government shutdown and whether the Federal Reserve will cut interest rates in December are creating uncertainty in the market.
He suggested that geopolitical tensions, such as possible U.S. military intervention in Venezuela, could cause the market to decline by 5% to 10% in the short term, but this would not end the long-term bullish trend.
*This is not investment advice.
