Interesting how market forecasts have turned out in the past. Henrik Zeberg, this well-known trader and host of The Zeberg Report, has made several major predictions, as is well known. His timeline for the big market peak was originally set for October 2024 – based on Elliott wave analysis, Bitcoin was expected to reach around $120,000 before experiencing a massive correction of 60 to 80 percent.

But: things turned out differently. Henrik Zeberg had actually postponed his forecast several times. First it was late 2023, then August 2024, then October 2024. This shows how difficult it is to time markets accurately, even for experienced analysts.

And then there was @PhilakoneCrypto, who was even more pessimistic. This trader predicted back in August 2024 that Bitcoin would fall to $28,000 by July 2026 – in just under two months from now. According to this statement, the next bull market wouldn’t come for another four years.

What does reality look like? Bitcoin is currently trading around $79,600. That’s well below Henrik Zeberg’s optimistic $120,000 scenario, but also well above the bleak $28,000 predictions. The market does its own thing, as so often.

What fascinates me: the discrepancy between different analyst scenarios is huge. While some have been talking about the end of the world since 1929, the market apparently saw things differently. Not that I want to criticize Henrik Zeberg or others – predictions are difficult, especially with Bitcoin. But it shows why you should never blindly trust a single forecast. The market writes its own story.