Economist and market analyst Henrik Zeberg has made an updated bullish forecast for Bitcoin, predicting that the leading cryptocurrency could surge between $115,000 and $120,000. Zeberg, who forecasted a rise to $95,000-$100,000 in December 2022, revised his prediction based on his Business Cycle Model. Related Reading: Is Bitcoin Ready to Soar? Key Indicators Signal Potential $72K Target Bitcoin On The Verge Of A Breakout? Despite a generally bearish sentiment in late 2022, Zeberg maintained his optimistic outlook, which he still holds today. He pointed out that while many predicted an “imminent crash,” the market bottomed out in October 2022, setting the stage for the potential rally he now anticipates. In a post uploaded today on X, Zeberg reminded his followers of his earlier predictions, highlighting that he was bullish on Bitcoin even when others were not. He has adjusted his targets upwards, aligning his forecast with what he sees as “developing euphoria” in the US markets. Although he did not specify a timeline for Bitcoin to reach these new highs, Zeberg remains confident in his outlook, even while acknowledging that a severe ..
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