Just thinking again about all the market forecasts, and Henrik Zeberg keeps catching my attention. The guy has quite a wild theory: he expects the worst recession since 1929 and says we will experience a massive peak before that.

What fascinates me is how Henrik Zeberg keeps adjusting his timeframe. First it was the end of 2023, then August 2024, now he’s saying October. Honestly, that’s a bit suspicious. Still, he has a large following on X – over 150,000 followers track his analyses.

His theory is based on the Elliott Wave principle, which has been used to analyze markets since the 1930s. According to Henrik Zeberg, Bitcoin could rise to $120,000 in this cycle before the big crash occurs. He predicts a decline of 60 to 80 percent afterward.

But here’s where it gets interesting: not everyone agrees. Trader Philakone has a completely different view – he believes the peak is already behind us. His forecast: Bitcoin could fall to $28,000 by July 2026. That’s a huge difference from Zeberg’s more optimistic scenarios.

Looking at the current numbers, BTC is trading around $66,800. That’s well below Zeberg’s $120,000 forecast but above Philakone’s $28,000 bottom. What makes me think: two prominent analysts, two completely different scenarios. Henrik Zeberg and other analysts like Philakone show how fragmented the forecasts are in the crypto community.

The fact is, such predictions should be taken with great caution. The market always surprises us. Whether Henrik Zeberg is right this time or not – we’ll see soon.