Henrik Zeberg, Swissblock’s chief macro strategist, said Bitcoin in the last quarter of this year 
$62,036 It predicts important movements. Zeberg informed his followers on the social media platform that market conditions have reached the critical point he predicted two years ago.
Zeberg’s Predictions
Zeberg stated that the base of his predictions in November 2022 was reached. Stating that the S&P500 index is at 5770, Zeberg revised his targets to 6100-6300. He updated the target range for Bitcoin to $115,000-123,000.
These predictions for the king cryptocurrency are not surprising, because when we compare the decreasing growth rate from cycle to cycle with today, the possible bull peak at $ 120 thousand seems reasonable. In addition, since the last quarters have been the most bullish period of the year for cryptocurrencies, there may be new ATH attempts in the coming months.
Other Analyst Opinions
Not every trader agrees with Zeberg’s expectations. Crypto analyst Benjamin Cowen is more cautious that Bitcoin could soar. Cowen stated that Bitcoin may slow down for a season or two and then accelerate.
“In April, I predicted Bitcoin would ease for six to nine months after the ‘half-cycle top’.” –Benjamin Cowen
Cowen added that if there is a panic in the labor market at the end of this quarter, BTC could fall again and consolidation could take up to nine months. He emphasized that it is important to protect against both scenarios. However, recent labor force data successfully balanced recession concerns.
Bitcoin is currently trading at $62,700. According to Zeberg’s prediction, an increase up to $123,000 means a 98% increase for BTC. Zeberg stated that there will be a big “blow-off ball” in the last quarter of the year, but that will have an end and it will move towards recession.
Although these predictions offer different perspectives for those interested in the Bitcoin market, investors need to create their own strategies. Different perspectives of market analysts can help investors develop various strategies to manage their risks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
