👉Henrik Zeberg, director of macro strategy at Swissblock, predicts significant volatility for Bitcoin (BTC) in the final quarter of this year.
In a recent social media update, Zeberg suggested that current market dynamics are in line with a key turning point he predicted two years ago.
💥What did Zeberg predict?
👉Zeberg confirmed that the low he predicted from November 2022 has been reached. With the S&P 500 now at 5,770, he has adjusted his target down to around 6,100-6,300. For Bitcoin, his price prediction now sits between $115,000 and $123,000.
💥What do other analysts think?
👉On the contrary, some analysts, including Benjamin Cowen, are skeptical about Zeberg's optimistic outlook. Cowen warned that Bitcoin could experience a period of stagnation for a few seasons before potentially resuming its bullish momentum.
👉Currently, Bitcoin price is trading around $63,514 and if Zeberg's prediction comes true, a surge to $123,000 is possible. He predicts a significant "explosive peak" in Q4.
