Macro strategist Henrik Zeberg says he expects Bitcoin (BTC) and crypto markets to go parabolic in the very near future.
In a new interview on the Bloor Street Capital YouTube channel, Zeberg forecasts a move in crypto “like nothing else,” partially driven by people who were sidelined in previous bull runs and don’t want to miss the next.
The investor says he has a minimum target range of about $115,000 per BTC and is expecting it slightly sooner than most crypto bulls. According to Zeberg, Bitcoin and crypto will likely witness a “fantastic” bull run in the first four months of 2024.
“[Bitcoin will be] going absolutely ballistic. I mean, it’s going to go vertical. I think we will reach at least $115,000. That’s my minimum target. I think $150,000 is also manageable, and I could also see $250,000. My guess here would be $150,000, but would not be surprised to see it only reach $115,000. So that’s where I’m seeing that.
I’m seeing a crypto run like nothing else. I mean, everybody who was not in the first round, or second round, will now say ‘Oh I missed out the first two times, I’m going to be in on this one,’ and when we start to see Bitcoin moving up above the current levels here I think that’s when – especially if the ETF announcement comes out or whatever’s going to be the trigger of it – I don’t need the trigger in my world. The structure tells me that we could see a very, very quick move and again, driven by people [saying] ‘I want to be in this move now, I was not in the Nasdaq last year and now I need to be in this or I need to be in small caps.’
So I think those riskier assets – which I also include cryptos and even Bitcoin – will be having a fantastic first four months of the year.”
At time of writing, Bitcoin is trading at $44,110.
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- Source: https://dailyhodl.com/2024/01/08/economist-henrik-zeberg-predicts-bitcoin-will-go-absolutely-ballistic-in-2024-heres-his-price-target/
