NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

Bitcoin on the Verge of a Breakout? Economist Refines Price Target To $120,000

Samuel Edyme
Samuel Edyme
1 year ago
3 mins read
Bitcoin on the Verge of a Breakout? Economist Refines Price Target To $120,000

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Economist and market analyst Henrik Zeberg has made an updated bullish forecast for Bitcoin, predicting that the leading cryptocurrency could surge between $115,000 and $120,000.

Zeberg, who forecasted a rise to $95,000-$100,000 in December 2022, revised his prediction based on his Business Cycle Model.

Related Reading

Is Bitcoin Ready to Soar? Key Indicators Signal Potential $72K Target

Is Bitcoin Ready to Soar? Key Indicators Signal Potential $72K Target

1 year ago

Bitcoin On The Verge Of A Breakout?

Despite a generally bearish sentiment in late 2022, Zeberg maintained his optimistic outlook, which he still holds today. He pointed out that while many predicted an “imminent crash,” the market bottomed out in October 2022, setting the stage for the potential rally he now anticipates.

In a post uploaded today on X, Zeberg reminded his followers of his earlier predictions, highlighting that he was bullish on Bitcoin even when others were not. He has adjusted his targets upwards, aligning his forecast with what he sees as “developing euphoria” in the US markets.

Although he did not specify a timeline for Bitcoin to reach these new highs, Zeberg remains confident in his outlook, even while acknowledging that a severe recession, which he predicts will be worse than the one in 1929, is on the horizon.

REMEMBER!?

In December 2022, everybody was BEARISH!

I was BULLISH!

We were told that “Imminent Crash” was ahead of us – despite the fact, that market bottomed in October 2022.

Based on my Business Cycle Model, I dismissed the call of #Recession and I set my targets back then… https://t.co/1rw4DVLtKA

— Henrik Zeberg (@HenrikZeberg) August 23, 2024

Market Sentiment And Other Bullish Predictions

Zeberg’s bullish forecast is not the only one suggesting a six-figure price for Bitcoin. Another prominent crypto analyst, Crypto Jelle on X, recently shared a similarly optimistic outlook. According to Crypto Jelle, Bitcoin’s price could reach as high as $180,000.

Megaphone pattern on Bitcoin chart
Megaphone pattern on Bitcoin chart. | Source: Crypto Jelle on X

He pointed to a bullish megaphone pattern forming over the past six months as a key indicator of this potential price target. Crypto Jelle noted that the pattern’s target remains intact, and he believes that the fourth quarter of this year could bring Bitcoin much closer to this target.

After 6 months of consolidation, this bullish megaphone still has a target of $180,000.

Have a funny feeling Q4 will get us a lot closer to that target.

Hold on tight, and enjoy the ride. #Bitcoin pic.twitter.com/i0Kc8vCv3n

— Jelle (@CryptoJelleNL) August 23, 2024

Zeberg’s and Crypto Jelle’s predictions come when BTC is slowly recovering, reclaiming the $61,000 to trade for $61,484 at the time of writing. Regardless of the sluggishness in price recovery, Zeberg and Jelle remain convinced that Bitcoin is poised for substantial gains.

Bitcoin (BTC) price chart on TradingView
BTC price is moving sideways on the 2-hour chart. Source: BTC/USDT on TradingView.com

However, Zeberg also cautioned investors that while the market may be heading towards a significant top, a major downturn is also likely.

Related Reading

Bitcoin and NASDAQ Show Tight Correlation:

Bitcoin And NASDAQ Show Tight Correlation: What Does This Mean For BTC?

1 year ago

He predicts that the forthcoming recession will trigger a severe bear market, which he expects to unfold in two phases: a “deflationary”  phase followed by a “stagflationary” one, with a brief mid-cycle bounce as the Federal Reserve intervenes in 2025.

Featured image created with DALL-E, Chatt from TradingView

Tweet123Share196ShareSend
Samuel Edyme
Samuel Edyme

Samuel Edyme

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Matrixport-Linked Wallets Pull 4,000 Bitcoin From Binance Within 20 Hours – Details

Matrixport-Linked Wallets Pull 4,000 Bitcoin From Binance Within 20 Hours – Details

Bitcoin continues to trade with high volatility following Friday’s brutal crash that sent prices as low as $103,000. Over the...

Sebastian Villafuerte 5 hours ago

3 cryptos sous-évaluées susceptibles d’entrer dans le Top 10 mondial

Le marché crypto adore les renversements de hiérarchie. Et trois préventes se détachent aujourd’hui par leur narration forte et leur...

evanss 6 hours ago
Bitcoin news

Bitcoin Reset Complete? Ostium Foresees Explosive Move To $133,000

Ostium Labs’ Market Outlook #55 argues that Bitcoin’s higher-timeframe bull structure survived last week’s volatility and now points “back to...

Jake Simmons 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Handles $14B OI Drop As Spot Volume Surged To $44B: Controlled Reset?

Bitcoin Handles $14B OI Drop As Spot Volume Surged To $44B: Controlled Reset?

Sebastian Villafuerte 1 hour ago
XRP

Chart Whisperer Says XRP Shows A ‘Purer’ Market Structure – Details

Christian Encila 4 hours ago
Tether

Tether Resolves Celsius Lawsuit With Major $300 Million Settlement Deal

Ronaldo Marquez 5 hours ago

Premium Sponsors

Press Releases

  • ドージコイン 今後の価格予測:クジラの買い集めで1ドル目標が再び注目される

    ドージコイン...

    9 hours ago
  • リップル 今後:SEC申請が示すETF承認間近の兆し、XRPが1,000ドルを目指す瞬間か

    リップル...

    9 hours ago
  • 仮想通貨プレセール最終週:新興トークンが上場前に100倍高騰の予測

    ...

    9 hours ago
  • 新しい仮想通貨が350万ドルを調達、専門家が「2025年最高のプレセール」と評価

    ...

    10 hours ago
  • 新しい仮想通貨が急上昇:トランプ・トークンが注目され、次世代ミームプロジェクトが4百万ドル目前

    ...

    10 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.