Economist and macro strategist Henrik Zeberg is forecasting that the S&P 500 index could go up by double-digit percentage points over the coming months.

In an interview on the WTFinance podcast, Zeberg says the markets are primed for an explosive rally over the short term.

“I think the blow-off top is still going and you see it in various markets around the world… actually [markets] have seen new all-time highs after everybody kind of dismissed that in April, we could see that. Now we are seeing it.”

According to the economist and macro strategist, the S&P 500 index could go up by around 13% from the current level.

“I still think that things will be moving on like what I’ve been expecting in terms of a 6,800 top in the S&P [500] as a minimum.”

As of Tuesday’s market close, the S&P 500 is trading at 6,025 points.

Although Zeberg forecasts rallies in the stock market, he cautions that a recession is likely to follow as the economy shows signs of gradual erosion.

“We’re getting closer and closer [to a recession]. There are more and more signs now that the deterioration is going through. It’s really in the housing market that is the worst in the US. And we’re starting to see some signs as well in the real economy and in the labor market as well.

So I think we will see that things slowly, as always, start to roll over.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Economist Henrik Zeberg believes that the most explosive phase of the altcoin market is about to kick off.

Zeberg tells his 182,800 followers on the social media platform X that the altseason, when altcoins outperform Bitcoin (BTC), is just getting started, and massive alt breakouts are likely to occur in the coming days.

He says the Ethereum (ETH/BTC) ratio is flashing bullish for altcoins, after increasing since tapping a local low in late April. Analysts often use the ETH/BTC ratio as an indicator of potential altcoin seasons.

“Altseason has already started. First slowly, later in a more explosive manner. I think we are max three to eight days away from the beginning of that explosive phase. ETH/BTC ratio tells us why…

It is close to setting off in the explosive phase!”

ETH/BTC is trading for 0.02478 BTC ($2,595) at time of writing.

Zeberg suggests that certain altcoins will start breaking out at different times.

“In the altseason it will be about identifying the next altcoin which is about to skyrocket. And then have an idea of how far it may run.”

Among the alts the economist believes will soon print new all-time highs is Solana (SOL)-based memecoin dogwifhat (WIF).

“I maintain my extreme Bullish perspective on WIF.”

In January, he suggested WIF could eventually hit $19.

WIF is trading for $0.86 at time of writing, down 9.9% in the last 24 hours.

Zeberg is also bullish on the Internet of Things (IoT) project Jasmy (JASMY).

The analyst uses the Elliott Wave theory to forecast a massive run for altcoins. The theory states that an asset tends to witness a five-wave rally with wave three being the longest and the strongest move up.

“Ready for Jasmy’s takeoff? We seem to be getting closer to the wave two bottom, little lower. Wave three should take Jasmy much much higher.”

Jasmy is trading for $0.01413 at time of writing, down 4.8% on the day.

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Popular economist Henrik Zeberg believes Bitcoin (BTC) and crypto will witness a huge burst to the upside due to central bank intervention.

Zeberg tells his 179,800 followers on the social media platform X that he thinks the global economy is slowing down to the point that it is transitioning from growth to contraction.

While the analyst believes that a recession is in sight, he says central banks will likely step in and prop up the economy with money printing to the benefit of Bitcoin and crypto.

“We are at an important inflection point in the Business Cycle.

From my perspective, the Economy is NOT crashing yet – but it is rolling over!

At this point, we should begin to see liquidity surge as the central banks will try to plug the holes of the economy.

They will likely be short-term successful. Markets may rally strongly in the final phase. Crypto may explode higher.

However, the Titanic has hit the iceberg – and liquidity will only delay the inevitable. The Recession later as the labor market now begins to weaken over the coming months.”

The economist has been calling for a blow-off top rally for Bitcoin and crypto, believing that the markets will witness a final leg up before the economy collapses. Last month, he said that the US was showing early signs of a contraction, leading him to believe that Fed Chair Jerome Powell will abruptly pivot and print dollars to stimulate the economy.

He also said that the stimulus will send the US stock market, Bitcoin and altcoins flying.

At time of writing, Bitcoin is trading for $84,443.

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A closely followed economist believes that strong rallies are ahead for Bitcoin (BTC) and crypto as he thinks conditions are ripe for policymakers to turn the money printers back on.

Citing data from the Atlanta Federal Reserve, Henrik Zeberg tells his 175,200 followers on the social media platform X that the US GDP is projected to contract by 1.5% in Q1 of 2025.

According to Zeberg, the contraction may force Fed Chair Jerome Powell to abruptly pivot and start printing US dollars to shore up the economy.

“But…. the economy is strong, right Powell…? 

The economy is not strong – it is setting up for the worst recession and bear market since 1929.

But first blow-off top as liquidity now will come flushing in.” 

Looking at Bitcoin, Zeberg says that its recent collapse to $78,000 is a necessary move to wipe out excessive leverage, making the BTC uptrend more sustainable.

“Fear has been dominating in crypto-land. BTC declined fast to ~$78,000 – just surpassing the daily 200 simple moving average a bit.

This is a healthy test area in a larger BULL MARKET.

In fact, with this updated knowledge of the structure of BTC, it seems like we could witness a strong reversal in BTC setting in soon.”

At time of writing, Bitcoin is trading for $92,597, up nearly 9% on the day.

Zeberg adds that stocks and altcoins will also witness blow-off top rallies. However, he warns that a recession is waiting in the wings.

“Unpopular perspectives: 

1. BTC is about to soar.

2. Nasdaq and S&P500 will rally strongly.

3. Amazing Altseason about to set in.

Above constitutes the blow-off top.

Later recession is coming.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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