Economist Henrik Zeberg, Bitcoin 
$68,287He continues his predictions about the future of . According to Zeberg, Bitcoin could rise above the $78,000 level this week. He attributes this upward expectation to the impact of upcoming election results.
Price Prediction for Bitcoin
In his interview with Ran Neuner on the CryptoBanter YouTube channel, Zeberg stated that Bitcoin will gain strong momentum. He emphasized that he expects a significant rise in Bitcoin after the election results.
“I see a strong movement on the charts. This usually happens after elections, and I predict the same for Bitcoin. “With the elections on Tuesday, we could go above $78,000,” Zeberg said.
Stock Market Outlook
However, Zeberg states that the exit time from risky assets, namely Bitcoin and stocks, may be earlier. He says the Dow Jones Industrial Average may have peaked or is approaching a major correction phase. Zeberg also shared a chart predicting a 60% crash in the Dow Jones. He points out that this collapse may move in parallel with the economic recession in the United States.
“These candlesticks indicate that the market is near a top. Dow could fall as low as 44,500 points. “I currently have long positions in both crypto and equity markets,” he said.
Long Term Goals for Bitcoin
Zeberg is targeting the $115,000 to $123,000 band, based on Bitcoin’s historical resistance levels. He says that he determined these levels by looking at Bitcoin’s previous upward trends. He emphasizes that the current trend in the markets is coming to an end and this trend may change soon.
Possible volatility in Bitcoin and stocks may cause investors to review their strategies. Zeberg’s predictions offer important clues for those focusing on market dynamics.
In the current environment of uncertainty, it may be beneficial for investors to strengthen their risk management strategies. Zeberg’s predictions emphasize being prepared for fluctuations in Bitcoin and stock market markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
