Altcoins
Economist Henrik Zeberg Says Altcoins Are Ready to “Fly” in a Euphoric Blow-Off Top-Style Bull Run
Economist Henrik Zeberg says the altcoin market is preparing for a parabolic run to new highs before the global economy experiences a recession.
Zeberg tells his 143,000 followers on social media platformBTC) and Ethereum (ETH).
Zeberg sees TOTAL-ETH-BTC soaring in “euphoria” near the $1.83 trillion level.
“BLOW-OFF TOP is far from over!
US stocks and crypto will enter the final – and most speculative – phase of this economic cycle. Altseason will send Alts flying.
Euphoria will develop!
Source: Henrik Zeberg/X
At the time of writing, TOTAL-ETH-BTC is valued at $662.75 billion.
Zeberg shares another chart suggesting that central banks like the US Federal Reserve and the European Central Bank (ECB) tend to cut rates shortly before a recession.
“Economic expansion to come – or end of cycle and therefore recession to come?
Let me make it easier for people who are struggling to understand where we are in the economic cycle.
On Thursday, the ECB chose to lower its interest rates.
The ECB and the FED will always try to cut rates at the end of the cycle to prevent the economy from falling into recession.
Now look at the graph.
Are we at the “end of the cycle” – or are we facing a “new economic expansion”?
THINK!”
This month, the Bank of Canada (BOC) and the ECB lowered their interest rates.
The Federal Reserve’s next statement on the federal funds rate is expected at the June 12 meeting of the Federal Open Market Committee (FOMC). The central bank is expected to keep rates unchanged.
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Featured image: Shutterstock/svetabelaya/WindAwake