Bitcoin Poised For Minimum 60% Rally As 3 Critical Signs Align

Quick Summary:

Related Reading: Bitcoin’s Bull Rally Hinges On $57K Support Level—Here’s Why It Matters Zeberg has pointed out that each time Bitcoin has shown this configuration of technical indicators, it has led to rallies of no less than 60%.” Every time we have seen a confirmation of the three following indicators, BTC has rallied and by minimum 60%,” Zeberg writes.

As reported by NewsBTC, Zeberg forecasts that a US recession is unavoidable, yet it will be preceded by a significant surge in financial markets, which includes a major rally in Bitcoin, potentially reaching between $115,000 and $120,000 in a "Blow-Off Top” scenario.

Henrik Zeberg, a macroeconomist known for his expertise in business cycles, has pinpointed an upcoming rally of at least 60% for the Bitcoin price in his latest technical analysis.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Btc Btc price Btc price prediction BTC news Bitcoin price prediction Bitcoin price Bitcoin news Bitcoin Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 08:30:45 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 436 words

Reading Time: 3 minutes read

Sentences: 65 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 23118367

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 5 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 10 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #102

Publisher Details

Frequently Asked Questions