Economist Henrik Zeberg is leaning bullish on Bitcoin ( BTC ) amid the flagship crypto asset’s brief dip of nearly 10% earlier this week. Zeberg tells his 170,600 followers on the social media platform X that the anticipated “Christmas rally is still on.” According to the widely followed economist, Bitcoin is primed to rise past the current record high of around $108,200 and reach a new all-time high. Zeberg further says, “We are not at the top yet. BUT – we are much closer to the top and the rally will not continue for as long as many analysts seem to believe.” Bitcoin is trading at $101,784 at time of writing. According to the economist, Bitcoin could plunge by around 84% from the current level after reaching the cycle peak. “Well – my target after blow-off top is approximately $16,000. Will be interesting.” Turning to the wider crypto asset market, Zeberg says that altcoins are on the cusp of a massive rally amid a declining level of Bitcoin dominance – the ratio of the market cap of Bitcoin relative to the market cap of all other crypto assets. Zeberg says , “Crypto is THIS close to taking off in a major way! The most explosive phase of the altcoin season is about to set in. It will create extreme euphoria and “experts” will be all over each other with bullish forecasts. BUT – this is the last blow-off phase which will last weeks. After that – major bear market begins!” Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘X-Mas Rally Is Still On’: Economist Henrik Zeberg Says Bitcoin Set To Hit New Record High – But There’s a Catch appeared first on The Daily Hodl .
