Bitcoin $94,806.6Despite (BTC)’s approximately 10% decline this week, economist Henrik Zeberg made important statements. Zeberg gave a message to his followers on the social media platform X: “The Christmas rally is still going on.” The economist stated that he expects Bitcoin to reach a new peak soon.
Record Expectations in Bitcoin: New Peak Near
Zeberg thinks Bitcoin will make a significant jump from its current price of $101,784. “We are not at the peak yet, but we are approaching the peak,” said the economist, noting that the market is progressing at a faster pace than expected. Zeberg said that Bitcoin was traded at $101,784 at the time of writing.
According to the economist, Bitcoin will break a new record by exceeding $ 108,200 at the end of this rally. But this rally will not last long. Zeberg stated that the peak will come soon, but then there may be sharp declines in the market.
He stated that after this big jump, Bitcoin could decline by 84% from current levels. “After the inflation peak, my target is around $16,000,” said Zeberg, warning investors.
Altcoin Season and the Euforia Wave
Henrik Zeberg thinks that the decline in Bitcoin dominance will usher in a new era in the altcoin market. “The most explosive phase of the altcoin season is near and the market will witness a major euphoria wave,” the economist said. Stating that expert opinions will be filled with optimism during this wave, Zeberg stated that the rally could reach its peak within weeks.
However, Zeberg pointed out that this movement will also be the last inflation phase. Immediately after altcoins peak, the market is expected to enter a massive bear market. He stated that investors should be very careful in this period, which he described as the “great drowning market”.
Zeberg suggested being prepared for possible fluctuations in the market and reconsidering strategies. The dynamic structure of the cryptocurrency market requires making conscious decisions. Developments in Bitcoin and altcoins are expected to have a major impact on the overall course of the market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
