The digital asset markets are gearing up for the largest rally in historical past, in accordance with carefully adopted macro analyst Henrik Zeberg.
Zeberg tells his 128,000 followers on the social media platform X that sentiment throughout the crypto asset class will quickly change into extraordinarily bullish and optimistic.
“The best crypto rally ever is true forward of us.
All people will change into screamingly bullish. Euphoria (and Lambo boys) will likely be again.
Watch!”
The investor can also be bullish on the inventory market and expects equities to “soar” within the close to future.
He shares a chart suggesting a correlation between the rise in junk bonds, or dangerous, high-yielding debt, and the S&P 500 index. He additionally highlights a rising relative power index (RSI) on the SPX, suggesting incoming momentum.
“Should you assume equities are about to crash – you’re nonetheless improper!
They are going to SOAR!”
Zeberg believes that the worldwide financial system is nearing the top of a long-term enterprise cycle, somewhat than gearing as much as start a brand new one, as many traders consider.
In a brand new interview with WTFinance, Zeberg explains his outlook.
“The developments we’ve seen for the final couple of months right here… We should always see that proceed into 2024.
I believe that the inventory market will likely be – now we have now a small pullback for the final couple of days however that’s actually nothing in my guide – however the inventory market and the crypto markets and so forth ought to maintain transferring up increased. Bitcoin ought to attain $100,000 to $150,000. We also needs to see the S&P 500 attain 6,100 which has been my goal since I believe since a 12 months and a half in the past.
All these items are nonetheless enjoying out. So to me, there aren’t any modifications, that is the blow-off high.
That is the enterprise cycle that’s coming to an finish. It was not at an finish a 12 months in the past, which was very, very clear to me, and now we’re getting nearer to that, and that’s why I count on it’ll be one thing of a whipsaw 12 months as a result of after we get to the center of this 12 months, I believe we’ll see a change from this very bullish atmosphere to the outright reverse, and I believe we’re going to see a crash into the final a part of the 12 months.”
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