Economist Henrik Zeberg Says No Indications That Crypto Bull Market Top Is In, Predicts ‘Fantastic’ Altcoin Season
Economist Henrik Zeberg believes Bitcoin (BTC) and altcoins are close to igniting the final phase of the crypto bull market. In a new interview on the Crypto Banter YouTube channel, Zeberg says he’s giving a less than 5% chance that crypto assets have already printed a bull market top. “There are no indications for me that the top is in at this point here. I’m looking at various indicators that tell us that the top is in, and I actually think still that we’re going to have a fantastic altcoin season.” Looking at Bitcoin itself, the economist says that BTC appears to be trading in an expanding diagonal structure while going through a five-wave rally. An expanding diagonal in a bull market suggests that an asset is in an uptrend, printing higher highs and higher lows. Meanwhile, the five-wave rally is based on the Elliott wave theory, which states that a bullish asset tends to witness a five-wave surge before entering a corrective perio...