Two months to the peak? Henrik Zeberg and the debate about the future of the Bitcoin market

Renowned trader Henrik Zeberg has once again spoken about the future of financial markets, publishing his current forecast for investors worldwide on platform X. His earlier predictions about an upcoming economic crisis now specify a timeline of events, although an increasing number of traders disagree with his optimism regarding further Bitcoin growth in the current market cycle.

Henrik Zeberg Sets the Market Peak Date

The host of the popular program The Zeberg Report has updated his famous forecast about “the worst recession since 1929.” This time, the trader points to October as the moment when many assets, including Bitcoin and smaller cryptocurrencies, will reach their peak before collapsing. The published tweet was widely shared among his 150,000 followers — “Peak by October” — confirmed Henrik Zeberg in a public statement from early August last year.

According to analysts, if Zeberg’s forecast is confirmed, it will trigger massive euphoria in financial markets. The trader builds his theory on the assumption that Western economies are on the brink of the greatest collapse since the Great Depression of 1929. However, before a complete disaster occurs, some assets may still experience a spectacular “pump” in prices — adds Zeberg.

Bitcoin at $120,000: Between Theory and Reality

Henrik Zeberg predicts that Bitcoin could rebound to $120,000 during this cycle before a final decline. His calculations are based on a popular Fibonacci indicator among traders and resistance level analysis. Meanwhile, the current Bitcoin price hovers around $71,560, while the historical maximum was $126,080, suggesting the market remains close to its all-time highs.

Interestingly, the level Zeberg predicts at $120,000 is very close to actual historical maxima, which seems to support his thesis of “pumping” before a correction.

Variable Forecasts: Zeberg’s Changing Opinions

It’s worth noting that trader Henrik Zeberg has repeatedly modified the timeframe of his forecast. In March 2023, he advised followers to watch for the end of the year. Then, three months ago, he expected the peak already in August of this year. Now, he gives the market another two months of growth, extending the bullish scenario.

These continuous adjustments may indicate the dynamic nature of technical analysis — price momentum forces analysts to constantly review their predictive models.

Elliott Wave Theory and the 60-80% Recession Forecast

Henrik Zeberg’s predictions are based on Elliott Wave theory — a model describing market cycles, popular since the 1930s. According to his interpretation, the peak for many assets will coincide with the end of the fifth wave of growth. After this phase, Zeberg expects a significant decline, which could push Bitcoin down by 60 to 80 percent from its peak levels.

Such a correction scale would be considerably larger than typical declines in the cryptocurrency market, suggesting Zeberg views the current situation as extraordinary.

Alternative Scenario: Philakone Believes the Peak Is Already Past

However, not all traders agree with Zeberg’s optimistic timeline. Popular analyst Philakone, known for his Twitter posts, offers a completely different opinion: the Bitcoin market peak has already occurred. According to Philakone, the next low could be around $28,000 by July 2026 — meaning over four years of waiting for the next rise.

Philakone publicly stated: “The bull market is most likely over. The cycle peak has been reached. My previous forecast of $54,000 has been changed to $28,000 by July 2026. The next all-time high will happen in over four years.” This drastically different perspective highlights deep divisions among market analysts.

The Market Awaits a Resolution

Current Bitcoin prices around $71,560 sit between Zeberg’s and Philakone’s scenarios — below Zeberg’s optimistic $120,000 but well above the pessimistic $28,000 predicted by his opponent. In the coming months, the market will provide answers as to which theory to trust: Henrik Zeberg’s forecasts of further growth or Philakone’s predicted downturn.