Henrik Seberg: Bitcoin will grow by 64% by the end of the year

In a recent interview, macro strategist Henrik Seeberg made a startling prediction that bitcoin BTC BTC $78,813.97 Bitcoin -0.17% Market capitalization $1.58 trillion VOL. 24 hours $1.1 billion could experience a significant surge in value, along with his prediction of an impending recession in the United States.

During a discussion on Bloor Street Capital’s YouTube channel, Seeberg predicted a significant rise in bitcoin, expecting it to soar more than 64% from its current value by the third quarter of 2024.

Seberg reiterated his previous forecast that the market leader will reach a price range between $ 110,000 and $ 115,000 and indicated that the cryptocurrency is on the verge of an uptrend that began on May 20. The crypto strategist sees a pattern of surges and consolidation periods leading to this price target.

Zeberg’s predictions came amid a discussion in the crypto community about the future of bitcoin. A few days before Zeberg’s interview, another crypto analyst suggested that bitcoin could reach $ 1 million within the next 10−18 months.