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Despite Bitcoin's (BTC) price performance remaining pale, veteran trading expert Henrik Zeberg foresees its imminent 550% rally in the near future. Also, he is highly optimistic about the U.S. stock market, but in the midterm perspective, he expects the largest markets to crash. 
<h2 id="175-000-for-btc-new-price-target-by-henrik-zeberg">$175,000 for BTC: New price target by Henrik Zeberg</h2> 
Both Bitcoin (BTC) and U.S.-traded stocks are going through a "buy-the-dip opportunity" phase. Once it is over, their indicators will rally to new highs. In this hypothetical run, Bitcoin (BTC), the largest cryptocurrency, might jump to the $175,000 level, analyst Zeberg opines. It is 153% higher than the current November 2021 all-time high and 550% higher than today's price. 
<blockquote> 
 TARGETS IN BLOW-OFF TOP 🚀🚀🚀<a href="https://twitter.com/hashtag/Nasdaq?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Nasdaq</a> 27K<a href="https://twitter.com/hashtag/SP500?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SP500</a> 6100<a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> 175KWhat we see right now is a BUY-THE-DIP OPPORTUNITY <a href="https://t.co/it3cmsingW" rel="noopener noreferrer nofollow">pic.twitter.com/it3cmsingW</a>— Henrik Zeberg (@HenrikZeberg) <a href="https://twitter.com/HenrikZeberg/status/1704732114107658474?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 21, 2023</a> 
</blockquote> 
In this marvelous rally, the S&amp;P 500 index will spike to 6,100, while the Nasdaq index might reach a high at 27,100. For both stock indexes, it would mean previously unseen parabolic runs. 
In particular, Zeberg is optimistic about Riot Platforms Inc (RIOT:NASDAQ), one of the largest and most technically advanced public Bitcoin (BTC) mining companies. While at press time, RIOT is attempting to protect the $10 level, the chartist sees it at $130. 
Previously, he <a href="https://twitter.com/HenrikZeberg/status/1632993775864754179" rel="noopener noreferrer nofollow">predicted</a> the end of the market recession in the U.S. in late Q4, 2023. 
However, in his long-term analysis, Zeberg reiterates the possibility of the markets collapsing similar to the Great Depression. Thus, after reaching a "blow-off top," stocks, indexes and cryptocurrencies are doomed to fail in the worst crash <a href="https://u.today/trading-legend-henrik-zeberg-foresees-largest-market-crash-since-1929" rel="noopener noreferrer nofollow">since 1929</a>, he says. 
<h2 id="prominent-bitcoin-btc-bulls-remain-optimistic-despite-market-apathy">Prominent Bitcoin (BTC) bulls remain optimistic despite market apathy</h2> 
Despite the fact that the $175,000 Bitcoin (BTC) price prediction seems to be too optimistic amid ongoing apathy on the crypto markets, it is below the "average" price target set by Bitcoin (BTC) macro bulls. 
<blockquote> 
 Bitcoin Price Predictions for 2024 Cathie Wood: $1 million Mike Novogratz: $500K Tim Draper: $250k Standard Chartered: $120K Pantera Capital: $148,000 Tom Lee: $180,000 Robert Kiyosaki: $100k Adam Back: $100k Arthur Hayes: $70,000JP Morgan: $45,000 Fun fact: If we…— Whale (@WhaleChart) <a href="https://twitter.com/WhaleChart/status/1703631862231384249?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 18, 2023</a> 
</blockquote> 
The prediction by Zeberg is close to the targets set by Fundstrat's Tom Lee and Pantera Capital, one of the first crypto-focused VC funds. However, it looks too conservative compared to sensational "goals" set by Ark's Cathie Wood, Mike Novogratz of Galaxy Digital and Rich Dad Poor Dad author <a href="https://u.today/rich-dad-poor-dad-author-kiyosaki-warns-buy-bitcoin-now-before-market-crash" rel="noopener noreferrer nofollow">Robert Kiyosaki</a>. 
By press time, Bitcoin (BTC) is trading at $26,738. The largest cryptocurrency lost 1.48% of its capitalization in the last 24 hours.

Trader Henrik Zeberg Shares New Target Price for Bitcoin (BTC) Rally

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