Bitcoin To Soar by up to 98% in a Blow-Off Top Move, According to Economist Henrik Zeberg – Here’s the Timeline

Bitcoin is set to experience a significant surge in price according to economist Henrik Zeberg, who predicts a blow-off top move in the final quarter of the year. Zeberg, the head macro strategist at Swissblock, points out that market conditions have reached a critical point that he accurately forecasted two years ago. He states that the S&P500 is currently at 5770 and he has refined his targets for a blow-off top to 6100-6300. As for Bitcoin, Zeberg’s target range is now $115,000-$123,000. This represents a potential 98% increase from the current trading price of $61,999. However, it is worth noting that not all traders share Zeberg’s bullish outlook. Crypto analyst Benjamin Cowen believes that Bitcoin may experience a slowdown for several months before picking up speed again. He suggests that a labor market scare later in the quarter could cause Bitcoin to drop, potentially extending the consolidation period to nine months. As a result, Cowen advises being prepared for different scenarios and hedging accordingly.