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Economist Reveals Bitcoin Target, Gives Date
Macro strategist Henrik Zeberg thinks Bitcoin price will surpass 100,000 dollars before this cycle ends.
Zeberg said in an interview that Bitcoin will have gained tens of thousands of value by the third quarter of the year.
In January, I said 110,000 to 115,000 dollars for Bitcoin and I stand behind that. I think there are hours or days left for a big movement to start. There was also a big movement on May 20. I think this was just the beginning. We have been consolidating for a few days, and as we move towards mid-June, we will see a very, very big movement, and this will be an upward trend with consolidations and pullbacks.
eberg believes that a recession will begin in the US before the end of 2024 and expects it to coincide with the fourth quarter. The economist anticipates the stock market to peak in the third quarter.
Zeberg, indicating the August-October range for Bitcoin, added, "For Bitcoin, we should see 105,000 dollars, above 110,000 dollars, and we should also see S&P at around 6,000. I would start to worry after that level."
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