A closely followed economist believes that strong meetings are for Bitcoin (BTC) and crypto, because he thinks the circumstances are ripe for policy makers to call in the money printers again.
With reference to data from the Atlanta Federal Reserve, Henrik Zeberg tells Are 175,200 followers on the social media platform X that the American GDP is expected to contract in Q1 of 2025 with 1.5%.
According to Zeberg, the contraction can force the chairman Jerome Powell to run abruptly and press US dollars to strengthen the economy.
“But …. the economy is strong, right Powell …?
The economy is not strong – it has been set up for the worst recession and Berenmarkt since 1929.
But the first blow if liquidity will now rinse. ”
Looking at Bitcoin, Zeberg out That the recent collapse of up to $ 78,000 is a necessary step to wipe out excessive leverage, making the BTC -Opwaartse trend more sustainable.
“Fear is dominating in Crypto-country. BTC quickly dropped to ~ $ 78,000 – just exceeded the daily 200 simple advancing average.
This is a healthy test area in a larger bull market.
In fact, it seems with this updated knowledge of the structure of BTC that we could soon see a strong reversal in BTC setting. “
At the time of writing, Bitcoin acts for $ 92,597, an increase of almost 9% in the day.
Zeberg Adds That shares and altcoins are also witnessing blow-off top rallies. However, he warns that a recession is waiting in the wings.
“Unpopular perspectives:
1. BTC is about to rise.
2. Nasdaq and S&P500 will meet strong.
3. Great Altealth season to start.
The blow-off top is above.
Later recession is coming. “
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Generated image: midjourney