Interesting how predictions in the crypto market are constantly being recalibrated. Henrik Zeberg, the well-known analyst behind The Zeberg Report, continues to hold to his thesis that we are facing the worst economic recession since 1929 – only he has adjusted the timing multiple times.

First it was the end of 2023, then August 2024, now October. That’s actually quite typical for long-term forecasts: the basic logic remains, but the timing details shift. Zeberg works with Elliott wave principles and Fibonacci indicators. His scenario: Bitcoin could still rise to $120,000 in this cycle before a major correction occurs – possibly a 60 to 80 percent decline.

Interestingly, not everyone shares this view. Trader @PhilakoneCrypto is much more pessimistic and claims the peak has already passed. He predicts BTC prices of $28,000 in July 2026 – a scenario that is significantly less optimistic than Zeberg’s. Philakone argues that the next all-time high will only be reached in four years, in the next cycle.

What fascinates me about this: Henrik Zeberg has corrected himself several times but has stuck to his core thesis. This shows how difficult it is to predict precise market timing. Currently, BTC is trading at around $77,600 – still well below Zeberg’s $120,000 target, but also not yet at Philakone’s $28,000 scenario.

The question is, who will be right in the end? Or whether the truth, as so often, lies somewhere in between. Those interested in following these theses can check out the current charts on Gate and form their own opinion about which scenario seems more plausible.