Macro guru Henrik Zeberg believes that crypto markets are one catalyst away from igniting a new altcoin season.
Zeberg tells his 106,900 Twitter followers that an off-season may be on the horizon as he believes the Federal Reserve is done raising interest rates.
According to the macroeconomist, greed will eventually set in as markets price in a Fed pause.
“Altseason not quite here…. still!
Greed must enter. It will come – as the Fed seems to be doing.”
Zeberg also shares a chart from crypto-focused hedge fund Swissblock showing how momentum for both Bitcoin (BTC) and Ethereum (ETH) has slowed recently.
Source: Negentropic/Twitter
As momentum takes a breather for Bitcoin, the macroeconomist believes BTC could present bulls with a buy-the-dip opportunity.
“As DXY [US dollar index] jumps [in the] In the coming weeks, we may see a pullback in bitcoin.
But this could be an AMAZING OPPORTUNITY to go long.”
Although Zeberg is bearish on bitcoin and crypto in the near-term, he still believes the asset will rise in the coming months.
“When imminent crash?
Where have the bears been demanding that since October?
Stocks and risk assets will fly!”
Last month, Zeberg predicted the stock market would stage a massive rally this year before witnessing a meltdown unprecedented in almost a century. Bitcoin will rally alongside the stock market, according to the macro guru.
At the time of writing, BTC is trading at $28,127.
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