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Henrik Zeberg, the chief macro strategist at Swissblock, anticipates significant movements for Bitcoin 
$108,332 in the final quarter of this year. Zeberg informed his followers on social media that market conditions have reached a critical point he had predicted two years ago.
Zeberg’s Predictions
Zeberg noted that the bottom he forecasted in November 2022 has been reached. He mentioned that the S&P 500 index stands at 5770, revising his targets to a range of 6100-6300. For Bitcoin, he updated his target range to between 115,000 and 123,000 dollars.
These predictions for the leading cryptocurrency are not surprising, as the declining growth rate from cycle to cycle makes a potential bullish peak of 120,000 dollars seem plausible when compared to the present. Additionally, the last quarters have historically been the most bullish periods for cryptocurrencies, suggesting possible attempts at new all-time highs in the months ahead.
Other Analysts’ Opinions
Not every trader agrees with Zeberg’s expectations. Crypto analyst Benjamin Cowen has taken a more cautious stance on Bitcoin’s rapid rise. Cowen indicated that Bitcoin could slow down for a season or two before gaining momentum again.
“I forecasted Bitcoin would experience a six-to-nine month decline after the ‘half-cycle peak’ in April.” – Benjamin Cowen
Cowen added that if a panic occurs in the labor market by the end of this quarter, BTC could decline again, with consolidation lasting up to nine months. He emphasized the importance of hedging against both scenarios. However, recent labor market data has successfully balanced recession concerns.
Currently, Bitcoin is trading at 62,700 dollars. According to Zeberg’s prediction, an increase to 123,000 dollars would represent a 98% rise for BTC. He mentioned that there will be a significant “blow-off top” in Q4, but this would eventually lead to a downturn.
For those interested in the Bitcoin market, these predictions offer varied perspectives, but investors must develop their own strategies. The differing viewpoints of market analysts can help investors create diverse strategies to manage their risks.
