‘X-Mas Rally Is Nonetheless On’: Economist Henrik Zeberg Says Bitcoin Set To Hit New File Excessive – However There’s a Catch

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‘X-Mas Rally Is Nonetheless On’: Economist Henrik Zeberg Says Bitcoin Set To Hit New File Excessive – However There’s a Catch


Economist Henrik Zeberg is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset’s temporary dip of practically 10% earlier this week.

Zeberg tells his 170,600 followers on the social media platform X that the anticipated “Christmas rally continues to be on.”

In keeping with the broadly adopted economist, Bitcoin is primed to rise previous the present file excessive of round $108,200 and attain a brand new all-time excessive.

Zeberg additional says,

“We aren’t on the high but.

BUT – we’re a lot nearer to the highest and the rally is not going to proceed for so long as many analysts appear to imagine.”

Bitcoin is buying and selling at $101,784 at time of writing.

In accordance to the economist, Bitcoin might plunge by round 84% from the present stage after reaching the cycle peak.

“Effectively – my goal after blow-off high is roughly $16,000.

Can be fascinating.”

Turning to the broader crypto asset market, Zeberg says that altcoins are on the cusp of a large rally amid a declining stage of Bitcoin dominance – the ratio of the market cap of Bitcoin relative to the market cap of all different crypto property.

Zeberg says,

“Crypto is THIS near taking off in a serious means!

Probably the most explosive section of the altcoin season is about to set in.

It’s going to create excessive euphoria and “specialists” can be throughout one another with bullish forecasts.

BUT – that is the final blow-off section which can final weeks.

After that – main bear market begins!”

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