Economist Henrik Zeberg doesn’t think the crypto bull market is over yet. He’s predicting a significant rise in both Bitcoin and altcoins, with a particularly strong altcoin season on the horizon.
Bitcoin’s Next Move
Zeberg believes Bitcoin is currently in a five-wave rally, a pattern suggesting further upward movement. He points to an “expanding diagonal” structure on long-term charts, reinforcing his bullish outlook. He maintains his prediction of Bitcoin reaching $123,000 to $125,000, with a potential high of $140,000. He’s confident despite recent negativity in the market.
Altcoin Season Incoming
Zeberg is focusing on the “TOTAL3” chart, which tracks the total market cap of all cryptocurrencies excluding Bitcoin, Ethereum, and stablecoins. He sees this “Alts Index” as poised for a significant upswing, fueled by Bitcoin’s expected price increase. He anticipates large-cap altcoins leading the charge initially, followed by memecoins later. He specifically mentions Solana as a potential driver of this altcoin rally. He believes that once Bitcoin makes its next move higher, the final phase of the bull market, including the altcoin surge, will begin.
Disclaimer
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
