Economist Announces His Target for Bitcoin, Gives a Date

Macro strategist Henrik Zeberg thinks Bitcoin price will rise above $100,000 before this cycle ends.

Zeberg said in an interview that Bitcoin will have gained tens of thousands of dollars in value by the third quarter of the year:

“In January, I said $110,000 to $115,000 for Bitcoin, and I stand by that. I think we are just hours or days away from a big movement. There was a great movement on May 20. I think this was just the beginning. "We've been consolidating for a few days now, and as we move into mid-June, we're going to see a very, very big movement, and it's going to be an upward trend with consolidations, pullbacks as well."

Zeberg thinks that a recession will begin in the United States before the end of 2024 and that it will coincide with the fourth quarter. The economist expects the stock market to peak in the third quarter.

Pointing to the August-October range for Bitcoin, Zeberg said, “We should see Bitcoin above $105,000, $110,000, and S&P at around 6,000. "After that level, I start to worry," he added.