He finds that the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Relative Vigor Index (RVGI) are all demonstrateing bullish crossovers, indicating potential market reversals and strong bullish trends.
Zeberg’s analysis is grounded in historical data demonstrateing that these indicators in alignment have historically led to significant price rallies, including surges of +318% in 2019, +824% in 2020, +70% in late 2021, +64% in January 2023, and +176% in the second half of 2023.
Henrik Zeberg, a macroeconomist, forecasts at least a 60% boost in Bitcoin prices based on a technical analysis. Zeberg predicts that US recession is inevitable, which will be preceded by a surge in financial markets, including a major Bitcoin rally potentially reaching between $115,000 and $120,000.
The current Bitcoin price at the time of the report is $67,956.
