Henrik Zeberg Expects Market Culmination – New Bitcoin Forecast for Fall 2024

Renowned trading analyst Henrik Zeberg has clarified his assessment of the cryptocurrency market peak. In recent comments on the platform X to his 150,000 followers, the host of the well-known “Zeberg Report” reaffirmed that the peak for Bitcoin and other smaller assets could be expected in October 2024. This announcement follows multiple adjustments to his original timing forecast.

Henrik Zeberg Adjusts His Analysis Timeline – The Path to the Market Peak

Since early 2023, Henrik Zeberg has warned of an upcoming economic crisis, which he describes as the most severe since the Great Depression of 1929. At that time, he focused on the end of 2023. In spring 2024, the experienced analyst shifted his focus to August of the same year. Now, Henrik Zeberg gives the bull market two more months—until October 2024—for its peak. These gradual corrections demonstrate how dynamic technical analysis can be in practice and how Henrik Zeberg continuously adjusts his models to market developments.

Technical Foundation: The Elliott Wave Theory

The analysis system Henrik Zeberg relies on is based on the Elliott Wave principle—a market analysis method used since the 1930s to describe market cycles. According to this theory, price movements occur in five rising and three falling phases. Henrik Zeberg believes that the final act of the fifth phase triggers a massive catalyst for the subsequent collapse.

Based on the Fibonacci indicator, Henrik Zeberg estimates the potential peak for Bitcoin at around $120,000. Afterward, a sharp decline of 60 to 80 percent could follow, indicating significant downside risk.

Divergent Market Opinion: Controversy Over the Current Market Status

While Henrik Zeberg continues to hold to his bullish thesis for the coming months, other established crypto analysts present a more fundamental counter-perspective. Popular trading commentator @PhilakoneCrypto also expressed a notably more pessimistic view on X. This analyst believes that the bull market has already peaked and that Bitcoin will only reach its bottom in July 2026 at about $28,000. According to @PhilakoneCrypto, the next all-time high will only be achievable in four years—in the next market cycle.

This opposing view illustrates the polarization within the analyst community: some point to technical signals indicating an imminent crash, while others warn of entering a prolonged bear market.

Current Market Situation and Bitcoin Valuation

The current market situation as of March 2026 shows a Bitcoin price of $70,610—well below Henrik Zeberg’s projected peak of $120,000 but significantly above @PhilakoneCrypto’s announced low of $28,000. The all-time high is $126,080, highlighting that the cryptocurrency has not yet broken new records.

Whether Henrik Zeberg’s forecast will prove correct or if the more skeptical camp around @PhilakoneCrypto offers a more realistic market assessment remains unresolved. Both scenarios, however, underscore that the Bitcoin market is at a critical juncture—whether this leads to a final rally or a prolonged downturn will become clear in the coming months and years.