Henrik Zeberg, a well-known trader, has declared his positive stance on Bitcoin and provided numerous important arguments in favour of it. Zeberg recently highlighted the relationship between Bitcoin and US bonds in a tweet, along with the expected rate fall and bond rally that would follow. Based on these elements, Zeberg thinks Bitcoin is set up for a significant rally in the near term.
The research by Zeberg focuses on Bitcoin’s past performance in various interest rate settings. He observes that BTC frequently experiences difficulties during periods of rate increases, such as those saw in 2021 and 2022.
The trader contends that the Bitcoin has traditionally done well amid rate drops. Zeberg forecasts that the impending rate drop and ensuing bond rally will have a beneficial effect on Bitcoin’s price by drawing on the positive connection between Bitcoin and U.S. bonds, particularly in terms of value.
BTC, however, has spent the last two weeks fluctuating within a relatively small range of $26,800 and $28,000. The BVOL index, which has dropped to levels last seen at the conclusion of last year and the start of this year, reflects this reduction in volatility. Both buyers and sellers are anxiously anticipating the next move as the market has entered a phase of consolidation.
Zeberg’s projection continues to pique market players’ curiosity, but it is still unclear if it will come to pass or whether bears will triumph over bulls. In the next days, the price of Bitcoin’s future trajectory—whether it will increase or decrease—will become clear.
