Bitcoin To See Massive Uptrend, New Predictions Claim

Bitcoin is about to see a major uptrend move, according to the latest predictions. Check out the new price reports below.

At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $28,385.

Macroeconomist Henrik Zeberg is predicting both Bitcoin (BTC) and US stocks are on the verge of a massive move upwards.

Zeberg said that he believes Bitcoin will soon break out from the $28,000 level and cross $30,000.

Zeberg shares a chart from crypto-focused hedge fund Swissblock that indicates Bitcoin is oversold and trading below its true value.

“Bitcoin $28,000 is the battleground. Swissblock’s indicators tell us the uptrend is coming next!”

Zeberg also said that stocks are about to experience a “blow-off top,” and predicts the Federal Reserve will start printing more money, injecting liquidity into the markets.

He used the Fibonacci Ratio within an Elliott Wave structure to predict the S&P 500 will skyrocket beyond 5,700 points before imploding down to 1,567 points.

“Lesson of the Day:

‘Wealth cannot be printed’ (Feeling of Wealth) All the ‘Wealth’ following the start of Money Printing will eventually collapse.

This is called the Deflationary Bust!

First – Blow-off top.”

Not too long ago, we revealed that Bitcoin options are flashing signs of decreasing volatility while sizable chunks of leverage have been pulled, according to Bitfinex analysts.

“Abundant leverage in bitcoin derivatives markets was a major contributor to volatility over the past week, per a Monday research note. Now that the leverage is gone, we could be in for sideways trading moving forward,” the same notes reveal.

Bitcoin is hovering around $28,000, down 5% over the past five days but practically even over the past month. Stay tuned for more news from the crypto space, and make sure to keep your eyes on the market.