Although the price performance of Bitcoin (BTC) has not shown any particular stability recently, experienced trading expert Henrik Zeberg predicts a major increase in the near future. According to Zeberg, this popular cryptocurrency could experience a significant rise, rising 550% above its current value. This is ambitious guessoffers an exciting perspective on the future of the cryptocurrency world.
However, there are positive expectations not only for Bitcoin but also for the US stock market. According to Henrik Zeberg, the S&P 500 index may experience a significant rise and reach the level of 6,100, while the Nasdaq index may reach the level of 27,100. These forecasts point to the potential for a strong performance by the US stock market.
These are the targets analysts expect from a possible “breakout” rally. According to the analyst, both Bitcoin (BTC) and US-listed stocks are going through a “buy the dip opportunity” phase. When this period ends, its indicators will rise to new peaks.
In this hypothetical study, analyst Zeberg is of the opinion that Bitcoin (BTC), the largest cryptocurrency, could jump to the $175,000 level. This is a target target of 153% higher than the all-time high in November 2021 and 550% higher than today’s price. Zeberg is particularly optimistic about Riot Platforms Inc (RIOT:NASDAQ), one of the largest and most technically advanced publicly traded Bitcoin (BTC) mining companies.
On the other hand, in his long-term analysis, Zeberg reiterated the possibility of markets crashing similar to the Great Depression. Therefore, he argues, stocks, indices and cryptocurrencies are doomed to experience their worst crash since 1929 after reaching their “peak.”
Besides, the Bitcoin (BTC) price prediction of $175,000, although it seems overly optimistic in the current situation, is below the “average” price target set by Bitcoin (BTC) bulls. You can see other ambitious price targets in the Twitter/X post below.
Bitcoin Price Predictions for 2024
Cathie Wood: $1 million
Mike Novogratz: $500K
Tim Draper: $250k
Standard Chartered: $120K
Pantera Capital: $148,000
Tom Lee: $180,000
Robert Kiyosaki: $100k
Adam Back: $100k
Arthur Hayes: $70,000
JP Morgan: $45,000Fun fact: If we…
— Whale (@WhaleChart) September 18, 2023
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