Renowned trader and financial market analyst Henrik Zeberg just released a fresh, epic Bitcoin price prediction that has the cryptocurrency world in a frenzy. Zeberg claims that Bitcoin is on a path that might take it all the way to $120,000.
Well-known for his precise predictions, the specialist highlights a remarkable similarity in the present correction phase by drawing comparisons between the state of the market now and prior occurrences in 2017 and 2020. He predicts that history will repeat itself in 2024 and expresses optimism about a bullish increase in the value of Bitcoin.
Zeberg provides a comprehensive Bitcoin price chart to back his prognosis, highlighting the trends and pivotal points that reinforce his bullish perspective. The chart offers a thorough summary of a possible rising trajectory for the top cryptocurrency, acting as a visual representation of the trader’s analysis.
Altcoin season
This prediction follows Zeberg’s previous one on the supremacy of Bitcoin. He had observed a distinct rollover of the RSI and MACD just a week before, indicating a possible peak in the dominance of Bitcoin. Zeberg, however, believes that there is still potential for Bitcoin to rise in the upcoming months, which might lead to an interesting interaction between Bitcoin and other cryptocurrencies.
In a surprising turn of events, Zeberg predicts a time when altcoins may surpass BTC in market share. He predicts an altcoin season, arguing that altcoins might overtake Bitcoin in its current run, bringing in a period of heightened bullishness and FOMO.
If past events are any indication, cryptocurrency aficionados may experience an incredible rise to $120,000, which would completely change the market’s terrain in the upcoming months.
