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Do you remember Henrik Zeberg's forecasts from two years ago? This famous trader was back in the spotlight when he announced in August 2024 that the cryptocurrency market peak would occur in October. It's astonishing how many times he changed the schedule, but always with such confidence.
Zeberg bases his forecasts on Elliott Wave theory and Fibonacci indicators. According to his analysis, Bitcoin was expected to reach $120,000 before a massive decline. He claimed that we are on the brink of the greatest recession since 1929, and before this crash, there would be another "blow-off" rally for some assets.
Interestingly, Zeberg's scenario took different shapes over time. In March 2023, he talked about the end of the year, then pushed it to August 2024, and finally, we landed in October. Now, from the perspective of April 2026, we see that the market took a slightly different path.
Not only Henrik Zeberg had his opinion. Another well-known trader, Philakone, was even more pessimistic about the situation. He claimed that the peak had already appeared, and Bitcoin would drop to $28,000 only in July 2026. According to him, the next all-time high might not come for over four years.
Checking today's BTC price at $67,330, it’s clear that the market did not follow any of these paths exactly. This shows how difficult it is to predict cryptocurrency behavior, even for experienced analysts. Henrik Zeberg was right about certain trends, but timing proved to be challenging. Such situations should teach us caution regarding categorical predictions, regardless of how well-founded they seem.