An economist known for having called a high blows for the markets predicts that the total market capitalization of cryptography will skyrocket more than 250% of the current levels.
Henrik Zeberg said to his 186,700 subscribers on the X social media platform which he closely monitored the total graph, which follows the total market capitalization of the crypto, excluding stablecoins.
The economist predicts that the total will rise to 12.95 billions of dollars in a rally of Wave Five, supported by the increase in the momentum as indicated by the relative force index (RSI) and the index of relative vigor (RVGI). Its graph also notes that the indicator of divergence of mobile average convergence (MacD) is increasing and above, suggesting that the asset class is in the middle of a strong upward trend.
The RSI and the RVGI are both indicators of Momentum, while the MacD is an oscillator according to the trend.
Zeberg says that the rally will be fueled by a massive euphoria phase as evidenced in 2017 and 2021.
“The cryptography market of 12 USD Billions?
Just imagine….
At the time of writing, Total is negotiated at 3.681 billions of dollars.
By looking at Bitcoin, Zeberg says that BTC is in the middle of a wave of waves three, a period when an active person witness a steep rally based on the theory of Elliott waves.
The theory of Elliott waves is an approach of advanced technical analysis which tries to predict the action of future prices by following the psychology of the crowd which tends to manifest itself in the waves.
“BTC has pumped, and we are now very clearly in a configuration of Wave Three.
This is what I think we can see.
A pump that continues much higher for the coming weeks. Then probably a strong withdrawal from the end of the summer.
Finally, the last pump in the fall. »»
At the time of writing, Bitcoin is worth $ 119,476.
Zeberg also thinks that altcoins will ignite the rallies in the coming weeks while Ethereum (ETH) flashes signs of life.
“Eth making the planned movement.
Soon he will run the Alts rally.
This is what we want to see in Alts-Season.
I expect much higher for ETH – before the start of the summer clasp for the alts.
Many money can and will be earned in the coming weeks.
But… .. Yes – there will most likely be a strong withdrawal at the end of the summer. »»
When writing time, ETH is negotiated $ 2,984.
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