A Strong Warning from a Macro Strategist: “Don’t Let Bitcoin’s Rise Fool You…”
Henrik Zeberg, a macro strategist well-known in the cryptocurrency market, spoke about the recent strong momentum in Bitcoin. Macro strategist Henrik Zeberg argued that the recent surge in Bitcoin (BTC) price is not the beginning of a new bull market, outlining a rather sharp bearish scenario for the cryptocurrency market. Speaking in an interview with Michaël van de Poppe, Zeberg characterized the current movement as a “bear market rally” and, in market terminology, a “fools’ rally.” Zeberg believes Bitcoin could continue its upward trend in the short term, but could then experience a massive crash of around 90% from current levels.