Economist Henrik Zeberg Says Bitcoin Days Away From Next Big Move – Here’s His Price Target

Economist Henrik Zeberg is expecting Bitcoin to experience a significant upward movement in the near future. In an interview on the Bloor Street Capital YouTube channel, Zeberg maintained his prediction that Bitcoin could surge by more than 64% by the third quarter of this year. He anticipates a major move to occur in mid-June, followed by an uptrend with consolidations and pullbacks until August to October. For Zeberg’s price target to be validated, Bitcoin needs to surpass $105,000 and show strength above $110,000, alongside the S&P reaching around 6,000. Currently, Bitcoin is trading at $70,090, showing an increase of nearly 2% in the last 24 hours. Zeberg also predicts that a US economic recession will transpire before the end of 2024, with the stock market peaking two months prior. He regards the European and Asian markets as showing signs of weakness, which could lead to a capital rotation into the US market and a preference for small-cap stocks in the final phase of the business cycle.