Huge Boost Could Trigger Surge For Bitcoin (BTC) And Stock Market

According to the latest reports, it seems that there is a huge trigger that could boost the price of Bitcoin and the stock market as well. Check out the latest reports below.

It’s been just revealed the fact that there is a massive boost that could come in the way of Bitcoin and the stock market as well.

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

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!”

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.”

This is another relevant tweet that you can see below:

There is NOTHING BEARISH about this chart #DJIA

This is as technically bullish as they come.

Furthermore, Economy is not in #Recession and #inflation cools.#Goldilocks phase and #BlowOffTop are developing (no matter how much you swear) pic.twitter.com/al3dkx7Tin

— Henrik Zeberg (@HenrikZeberg) May 1, 2023

Just to refresh your memory, the Relative Strength Index (RSI) is a technical indicator used in trading to gauge an asset’s momentum. The moving average convergence divergence (MACD), a trend-following indicator.

Regarding Bitcoin’s price today, at the moment of writing this article, BTC is trading in the green and the king coin is priced at $29,022. Stay tuned for more news from t he crypto space.