In 2024, a significant growth in the cryptocurrency market, especially in Bitcoin, is expected, according to the forecasts of macro strategist Henrik Zeberg. The expert predicts that the value of Bitcoin could reach the $150,000 mark. Zeberg also suggests that traditional markets might experience a major crisis, comparable to the Great Depression of 1929.
Zeberg believes that the dynamics of digital assets’ growth this year will be driven by the influx of new players in the market, leading to parabolic growth. He claims that Bitcoin could reach a minimum price of $115,000, with the potential to achieve $250,000. The expert notes that the first four months of 2024 could be particularly successful for the crypto market, thanks to the influx of institutional and traditional investors, especially after the potential approval of spot Bitcoin ETFs in the USA.
Michael van de Poppe, the founder of MN Trading, thinks that the market’s attention is currently focused on Bitcoin in anticipation of the approval of exchange-traded funds. He suggests that after the launch of ETFs, capital will return to altcoins, and Bitcoin will be trading at $48,000-51,000. Meanwhile, a trader under the alias Trade4ddict notes that the Bitcoin dominance index has risen above 54% and is approaching the upper resistance level at 55%.
