Henrik Zeberg, the dealer who predicted that BTC might nose-dive to $1,000, tweets {that a} new liquidation section goes to begin immediately
Macroeconomist and dealer Henrik Zeberg has simply warned his followers in regards to the begin of a brand new liquidation section in all main markets, together with Bitcoin (BTC).
Zeberg reiterated that the U.S. Greenback was the king in the course of the COVID-19 crisis, which is why he expects buyers to flock to it as soon as once more.
Money nonetheless guidelines the roost
Regardless of all money-printing memes, dollars have to this point confirmed to be the one protected haven for the reason that begin of the financial downturn.
The greenback index (DXY) surged to its three-year high of almost 103 on March 20 whereas shares, gold, and Bitcoin had been in the midst of a cataclysmic sell-off.
With 30 mln Individuals dropping their jobs within the span of six weeks, client spending tanked by 7.5 p.c.
Bitcoin and gold in the identical boat
On Apr. 30, BTC has managed to skyrocket to $9,400, its highest stage since February, however the euphoria round its latest rally rapidly dissipated when the coin plunged again to $8,500.
After precisely calling Bitcoin’s humongous value drop again in March, Zeberg lowered his extremely bearish prediction to $1,000.
In the meantime, he additionally predicts that the worth of gold might tank to as little as $800 this 12 months.
