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8 hour ago
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Analyst Predicts Bitcoin May Surge to $150K Before Sharp Crash

Bitcoin's Current Market Outlook

  • Henrik Zeberg, a macroeconomist, suggests Bitcoin lacks bullish momentum and may face long-term deterioration.
  • Zeberg describes Bitcoin as approaching an important peak with a high risk of a sharp downside move.

Expanding Diagonal Structure

  • Bitcoin's monthly candlestick chart shows an expanding diagonal pattern indicating increased volatility.
  • The pattern suggests a potential price surge to the mid-$150,000 range, followed by instability.

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Potential Downside Risks

  • Zeberg predicts a dramatic crash after a final euphoric rally, comparing it to the dot-com era's 80% Nasdaq fall.
  • Possible Bitcoin price collapse of 97%-98%, targeting $3,000 to $4,000, with potential for deeper declines.
  • Momentum indicators, including RSI and MACD, show bearish signs on the monthly timeframe.

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