Renowned macro strategist Henrik Zeberg is anticipating a significant surge in Bitcoin’s value in the near future. In an exclusive interview on the Bloor Street Capital YouTube channel, Zeberg confidently asserts that Bitcoin could experience a remarkable increase of over 64% by the third quarter of this year.

Zeberg stands by his earlier prediction, made in January, that Bitcoin would reach a value of $110,000 to $115,000. He believes that the anticipated surge is imminent, stating that it could begin within hours or days. The recent surge on May 20th was just the beginning, according to Zeberg. After a period of consolidation, he predicts a substantial upward trend in mid-June, with intermittent periods of consolidation and pullbacks.

Zeberg outlines the timeline for this predicted surge, highlighting the significance of specific price levels. He states that Bitcoin needs to surpass the $105,000 and $110,000 thresholds, while the S&P should be around 6,000. If these levels are reached, Zeberg will become more concerned. He estimates that the surge will occur between August and October, with Q3 being the expected timeline.

As of now, Bitcoin is currently trading at $70,090, reflecting a nearly 2% increase within the last 24 hours.

In addition to his Bitcoin predictions, Zeberg also forecasts a US economic recession before the end of 2024. He anticipates that the stock market will peak two months before the recession sets in, estimating it to occur in Q3, possibly in October or earlier. He emphasizes that his estimation is based on current observations, with signs of weakness emerging in various assets, particularly in Europe and Asia. Zeberg believes that the stock market in Asia and Europe will reach its peak before the US market, leading to a capital rotation from these regions into the US market. Consequently, he expresses bullish sentiments towards the US market and small caps, as he expects a shift from large caps to small caps during the final phase of the business cycle.

In conclusion, Zeberg’s insightful predictions indicate a positive outlook for Bitcoin’s value in the coming months, while also cautioning about an impending economic recession.

Source: The Daily Hodl