• Macroeconomist Henrik Zeberg predicts an impending altcoin season due to a halt in interest rates.
• Swissblock chart reveals that momentum for Bitcoin and Ethereum has recently slowed down.
• Zeberg suggests taking advantage of the potential pull-back in Bitcoin by going long on risky investments and stocks.
Altcoin Rally: Macro Economist Identifies Key Catalysts
Macroeconomist Henrik Zeberg believes that the crypto markets are on the brink of igniting a new altcoin season, as he predicts that the Federal Reserve is done hiking interest rates. He believes this would result in greed taking over, leading to an altcoin rally.
Bitcoin & Ethereum Momentum Slowing Down
A chart from crypto-focused hedge fund Swissblock reveals that the momentum for Bitcoin (BTC) and Ethereum (ETH) has recently slowed down, potentially providing a „buy-the-dip opportunity“ for investors looking to get into the market. As DXY (US dollar index) bounces in the coming weeks, Zeberg believes that we may see a pullback in Bitcoin.
Go Long On Risky Investments & Stocks
Despite being short-term bearish on Bitcoin and crypto, Zeberg still thinks that they will soar in the coming months. This Bitcoin downturn presents a fantastic chance to go into long positions, which could start rising before the halving in 2024.
Take Advantage Of Dip Opportunity
Zeberg suggests taking advantage of this dip opportunity by going long on risky investments and stocks while Bitcoin prices may be low. This could provide good returns if BTC prices begin to rise again soon after the dip period is over.
Investors should keep an eye out for any signs of an upcoming altcoin rally predicted by macroeconomist Henrik Zeberg, as it could provide them with great opportunities to invest in alternative cryptocurrencies at discounted prices and make profits when their values increase again at some point in future.