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Deythere > News > Crypto > Shocking Bitcoin Prediction: Economist Warns of 84% Drop After New Peak
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Shocking Bitcoin Prediction: Economist Warns of 84% Drop After New Peak

featuring Bitcoins logo prominently against a financial chart with sharp peaks and troughs symbolizing volatility. T
Milena Volodina
Last updated: December 20, 2024 12:21 pm
By
Milena Volodina
Published December 20, 2024
2 Min Read
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Despite Bitcoin’s (BTC) recent 10% decline, renowned economist Henrik Zeberg remains optimistic about the cryptocurrency’s near-term performance. Sharing his thoughts on social media platform X, Zeberg reassured his followers, “The Christmas rally is still alive.” He expects Bitcoin to reach a new peak soon.

Contents
  • A Record High Before a Major Crash?
  • Altcoin Season and Euphoric Wave
  • Investor Strategy: Prepare for Volatility

A Record High Before a Major Crash?

According to Zeberg, Bitcoin’s current price of $101,784 is poised for a significant surge. “We’re not at the top yet, but we’re getting close,” he stated, noting the market’s faster-than-expected pace. The economist predicts that Bitcoin will surpass $108,200 before experiencing a sharp downturn.

However, Zeberg warns that this rally won’t last long. Following the peak, he foresees Bitcoin plummeting by 84%, potentially dropping to as low as $16,000. “My target after the inflationary peak is around $16,000,” he cautioned, urging investors to prepare for significant market volatility.

focused on Bitcoins market volatility featuring its logo in the foreground with a bold financial chart showing steep

Altcoin Season and Euphoric Wave

Zeberg also anticipates a shift in market dynamics, with Bitcoin dominance decreasing and paving the way for a new altcoin season. “The most explosive phase of the altcoin season is near, and the market will experience a massive euphoric wave,” he said.

During this period, expert opinions are expected to turn overly optimistic. Zeberg predicts that this rally will reach its peak within weeks but warns that it will mark the end of the inflationary phase. Following this, the market could enter a prolonged bear market, which he refers to as the “Great Choking Market.”

Investor Strategy: Prepare for Volatility

Zeberg advises investors to brace for potential turbulence and reassess their strategies. He emphasized that the dynamic nature of the crypto market demands careful and informed decision-making. The developments in Bitcoin and altcoins are expected to have a significant impact on the broader market trajectory.

According to Dey There, this prediction underscores the importance of staying vigilant in a volatile crypto landscape. As Bitcoin approaches a potential new high, investors must balance optimism with caution.

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ByMilena Volodina
Milena Volodina is a blockchain strategist and cryptocurrency expert with 9 years of experience in the industry. With a background in finance and technology, Milena has worked on numerous blockchain projects, including the development of decentralized finance (DeFi) platforms and blockchain-based financial services. Her expertise in both the technical and financial aspects of blockchain technology allows her to provide a comprehensive view of the industry. At DT NEWS, Milena offers readers expert analysis and insights into the latest trends and innovations in the blockchain and cryptocurrency world, ensuring they stay informed about key developments.
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