Macro guru Henrik Zeberg believes that the crypto markets is one catalyst away from igniting a fresh altcoin season.
Zeberg tells his 106,900 Twitter followers that an altseason may be on the horizon as he believes the Federal Reserve is done hiking interest rates.
According to the macro economist, greed will eventually kick in as markets price in a Fed pause.
“Altseason not quite here…. yet!
Greed needs to kick in. It will come – as Fed seems to be done.”
Zeberg also shares a chart from crypto-focused hedge fund Swissblock that shows how momentum has recently slowed down for both Bitcoin (BTC) and Ethereum (ETH).
With momentum taking a breather for Bitcoin, the macro economist believes that BTC could give bulls a “buy-the-dip opportunity.”
“As DXY [US dollar index] bounces [in the] coming weeks, we may see a pullback in Bitcoin.
But this may be an AMAZING OPPORTUNITY to enter long positions.”
Despite being short-term bearish on Bitcoin and crypto, Zeberg still thinks that the asset will soar in the coming months.
“When imminent crash?
Where are the Bears calling for this since October?
Equities and risk assets are going to FLY!”
Last month, Zeberg predicted that the stock market will ignite a massive rally this year before witnessing a meltdown never before seen in nearly a century. According to the macro guru, Bitcoin will rally alongside the stock market.
At time of writing, BTC is trading for $28,127.
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The post Here’s What Could Trigger a New Altseason, According to Macro Economist Henrik Zeberg appeared first on The Daily Hodl.
source https://dailyhodl.com/2023/04/09/heres-what-could-trigger-a-new-altseason-according-to-macro-economist-henrik-zeberg/