Henrik Zeberg Doubles Down on Bitcoin Price Prediction, Says Stock Market Nearing Top

Economist Henrik Zeberg is doubling down on his Bitcoin (BTC) high worth prediction regardless of what he says are indicators of a inventory market topping.

In a brand new one interview with Ran Neuner on the CryptoBanter YouTube channel, Zeberg predicts a transfer above the $78,000 degree early this week because the election outcomes are available in.

“I take a look at the charts and I see that we’re going to see a really large transfer… Usually after elections we see a really sturdy transfer, and that’s what we see lining up for Bitcoin. I believe [Bitcoin] will do very properly. I believe we’ll be above $78,000 on Tuesday when we’ve got the election. We are able to take an excellent step right here within the coming days. I’m not bearish on these markets right here or immediately.”

Nevertheless, the chartist believes that the time to get out of dangerous property like Bitcoin and shares is probably going before most count on. Based on Zeberg, the Dow Jones possible has already reached or is within the strategy of reaching a cycle excessive earlier than getting into a serious correction that might coincide with an financial downturn within the US.

Zeberg shares a chart suggesting a 60% crash is coming for the Dow Jones.

“When you return in time and take a look at these candles, they’re related to market tops. That is why I say we do not essentially see the highest being there – it might go to 44,500 [points] on the Dow Jones and I’m lengthy crypto in addition to the inventory market – however that’s coming to an finish, and we’re getting near it. And the tip is getting nearer, a lot nearer.”

As for Bitcoin, Zeberg is concentrating on the $115,00-123,000 vary, primarily based on Fibonacci ranges and historic rising resistances.

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