According to economist Henrik Zeberg’s belief, Bitcoin (BTC) may hit a price range of around $110,000 to $115,000 within the next few months.
TGH Special Guest | Henrik @henrikZeberg shares his Melt-up then Meltdown Narrative.
— TradeGATEHub (@TradeGateHub) April 16, 2024
He is inclined to view the monthly RSI as a model of bullish cycles. Achieving the point where superior BTC RSI states is 70 has been historically shown to be a precursor to rapid price growth spikes. Zeberg’s bullish bias increases as Bitcoin’s RSI is currently at 71, which he uses as a lifting mechanism. In addition to that, he predicts that Bitcoin price may exceed $250,000.
“In this wildly imaginative scenario, I believe we have the potential to hit $250,000. However, my goal is set between $110,000 and $115,000.”
Currently, Bitcoin is priced at $66,624.39. According to Zeberg’s prediction, the market may experience an increase in value in the coming days.
With this understanding, it’s important to note that the cryptocurrency market is known for its price fluctuations.
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2024-04-23 01:24