Zeberg sees Bitcoin rally as a trap before a steep drop

Macro strategist Henrik Zeberg described Bitcoin’s recent climb as a classic bear-market rally that will fool many investors. He expects a roughly 90 % plunge once the brief upswing ends.

Zeberg traced the move to money rotating from stocks into crypto, yet insisted the longer-term downtrend remains intact. He still allows for a possible push toward $115,000–$120,000 before the sharp reversal begins.

The main trigger, he argues, will be a U.S. recession that strengthens the dollar and slams all risk assets. Extra liquidity or friendlier rules, he added, won’t be enough to stop the slide.

Bitcoin has never faced a prolonged downturn, Zeberg noted; even the brief COVID shock cut its price by more than 60 % in four weeks, and a deeper crisis could be far worse.

Based on information from https://cryptonews.net