Top Economist Predicts Bitcoin Price Top Before Worst Recession Since 1929

Quick Summary:

The US Bureau of Labor Statistics revised its March 2024 total employment estimates downward by 818,000—the largest revision in 15 years—indicating significant weakness in the job market, far more pronounced than initial estimates suggested.“Economy much weaker than expected,” Zeberg commented.

Related Reading: These Are The Biggest Bitcoin Support & Resistance Zones, Analyst Reveals The blow of the top predicted by Zeberg could be triggered by the US Federal Reserve injecting massive amounts of liquidity into circulation to prevent a recession.

Henrik Zeberg, Head Macro Economist at Swissblock, has reasserted his prediction that a US recession is inevitable, but not before a dramatic upswing in financial markets, including a substantial rally for Bitcoin to heights between $115,000 and $120,000.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: United KingdomAustria

Topics: Bitcoin news Bitcoin price prediction Btc Btc price BTC news Bitcoin Btc price prediction Bitcoin price Bitcoin Price Prediction Recession US Recession Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 13:30:39 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 564 words

Reading Time: 4 minutes read

Sentences: 68 lines

Sentence Length: 9 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 22229204

View Article Analysis

About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 7 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 15 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