In a riveting discussion on the Crypto Banter YouTube channel, economist Henrik Zeberg asserts the unabated momentum of the current crypto bull market, insisting that the top is far from being reached. Despite pervasive skepticism, Zeberg remains adamant, placing less than a 5% likelihood on the notion that crypto assets have capped their bull market peak.
Zeberg’s bullish sentiment taps into an intricate analysis of Bitcoin’s (BTC) trajectory. He identifies an expanding diagonal pattern within a five-wave rally—an assertion grounded in Elliott wave theory, suggesting that Bitcoin is still climbing before any significant correction phase. “We’re going to see $100,000 in 2024,” he confidently stated, projecting BTC to potentially reach heights between $123,000 and $140,000.
At present, with Bitcoin trading impressively at $96,779, Zeberg’s insight injects a fresh perspective into the crypto discourse, as he predicts a robust altcoin season ahead. His focus shifts towards the TOTAL3 chart, which excludes Bitcoin, Ethereum (ETH), and stablecoins, heralding a renewed surge facilitated by Bitcoin’s anticipated bullish behavior. Zeberg foresees large-cap altcoins leading the market charge, eventually succeeded by the memecoin frenzy, with tokens like Solana spearheading this phase.
In a market often marred by unpredictability, Zeberg’s projections offer not just an economic analysis but a beacon of optimism for crypto enthusiasts and investors alike. Stay informed and ahead of the curve by subscribing for updates, and continue to engage with the evolving crypto market trends.
*Disclaimer: This article does not provide investment advice. Everyone should perform their own research and diligence before investing in cryptocurrency.*
