Digital asset markets are gearing up for the biggest rally in history, according to macro analyst Henrik Zeberg.
Zeberg tells According to his 128,000 followers on social media platform X, sentiment within the crypto asset class will soon become extremely bullish and positive.
“The biggest crypto rally ever is right before us.
Everyone will become screamingly bullish. Euphoria (and Lambo guys) are coming back.
Watch!”
The investor is also optimistic about the stock market and expects stocks to “rise” in the near future.
He shares a graph suggesting a link between the rise in junk bonds, or risky, high-yield debt, and the S&P 500 index. He also highlights a rising relative strength index (RSI) on the SPX, which indicates impending momentum.
“If you think stocks are about to crash, you’re still wrong!
They will rise!”
Zeberg believes the global economy is nearing the end of a long-term business cycle, rather than gearing up for a new cycle as many investors believe.
In a new interview with WTFinance, Zeberg explains his vision.
“The developments we have seen here in recent months… We should see this continue into 2024.
I think the stock market will be – now we’ve had a little bit of a pullback in the last few days, but that’s not actually in my book – but the stock market and the crypto markets and so on should continue to move higher. Bitcoin should reach $100,000 to $150,000. We should also see the S&P 500 reach 6,100, which I think has been my goal since a year and a half ago.
All these things are still going on. So for me there are no changes, this is the blow off top.
This is the business cycle coming to an end. A year ago it wasn’t over yet, which was very clear to me, and now we’re getting closer to that, and that’s why I expect it to be a kind of whipping year, because when we get halfway through this year I think we’ll see a change will see from this very bullish environment to the direct opposite, and I think we will see a crash in the latter part of the year.”
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