bullish

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/will-bitcoin-hit-new-heights-soon" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Bitcoin Hit New Heights Soon?</a><br></p>
<p style="text-align: justify">Economist Henrik Zeberg has been vocal about his predictions for <a href="https://en.bitcoinhaber.net/bitcoin-investors-increase-their-confidence" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a>, suggesting that the cryptocurrency could soar above the $78,000 mark this week. His projections are closely tied to the anticipated outcomes of upcoming elections, which he believes will play a significant role in driving Bitcoin’s value upward.</p>
<h2 style="text-align: justify" id="what-does-zeberg-forecast-for-bitcoin-s-price">What Does Zeberg Forecast for Bitcoin’s Price?</h2>
<p style="text-align: justify">Speaking on the CryptoBanter YouTube channel with Ran Neuner, Zeberg expressed optimism about Bitcoin’s potential growth. He reiterated that election results could catalyze a substantial price increase for the cryptocurrency.</p>
<p style="text-align: justify">“I foresee substantial movement in the charts. This trend is typical post-elections, and I expect Bitcoin will follow suit, surpassing $78,000 by Tuesday,” Zeberg stated.</p>
<h2 style="text-align: justify" id="are-market-corrections-on-the-horizon">Are Market Corrections on the Horizon?</h2>
<p style="text-align: justify">Despite his bullish outlook on Bitcoin, Zeberg cautions that a shift away from high-risk assets, including Bitcoin and stocks, could be imminent. He predicts that the Dow Jones Index might have peaked or is nearing a significant downturn, suggesting a possible 60% decline that could coincide with an economic recession in the U.S.</p>
<p style="text-align: justify">“Market indicators suggest we are nearing a peak. The Dow could fall to 44,500 points. I currently maintain long positions in both crypto and stock markets,” he explained.</p>
<p style="text-align: justify">Zeberg highlights historical resistance levels, setting a target range for Bitcoin between $115,000 and $123,000, while noting that market trends appear to be reaching their conclusion, hinting at an imminent change.</p>
<ul>
 <li>Anticipated Bitcoin surge post-elections.</li>
 <li>Possible correction phase in the Dow Jones Index.</li>
 <li>Recommended reassessment of investment strategies amidst volatility.</li>
</ul>
<p style="text-align: justify">Given the current market conditions, investors may need to refine their risk management techniques. Zeberg’s insights underscore the necessity for preparedness as fluctuations in Bitcoin and stock markets loom.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/will-bitcoin-hit-new-heights-soon" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will Bitcoin Hit New Heights Soon?</a></h5>

Will Bitcoin Hit New Heights Soon?

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