Trading legend macroeconomist Henrik Zeberg suggested that Bitcoin (BTC) is still in the early stages of the bull market.
Economist Henrik Zeberg in a social media post dated October 3 in your postHe stated that we are just at the beginning of the Bitcoin bull. Bitcoin/S&P 500 Zeberg emphasized that the chart clearly reveals that we are in a bull market. A mega move in risk products He stated that we are still positioned at the beginning.
In the table presented by Zeberg, the Bitcoin/S&P 500 parity 2023 of the year February in the month bull signal It did not go unnoticed. Bitcoin from February to July An increase of nearly 40% He managed to attract attention with his exhibition.
In the table, a similar signal has been 2015 And 2019 It was seen that he came in years. Bitcoin followed those signals, respectively. 45x And 6x had experienced an increase.
Stating that we are at the right time to move towards risk products, the economist said: Even actors who think bearishly will switch to the bullish side. argued:
The bull market signal is solid! The BTC/SPX ratio tells us that we are in a bull market. In risk products A mega movement that will happen We are just at the beginning. Before this bull market ends, bears will turn into bulls!
According to CoinGecko data, in the last week 4.8% rising Bitcoin, at the time of writing 27,500 It is traded in dollars.
