Economist's Nightmare Prediction for Bitcoin: Be Prepared for $16,000! - Coin Bulletin

Economist Henrik Zeberg paints an optimistic picture despite Bitcoin's (BTC) approximately 10% drop this week. Please provide the text to be translated. Zeberg expressed that the expected 'Santa Claus rally' is still ongoing. Zeberg believes that BTC will reach a new peak by surpassing the all-time high of $108,200. However, the economist argues that reaching the peak is close, defending that this rally will be shorter than many analysts have predicted.

Expectation of a sharp decline in Bitcoin

Zeberg, who predicts that Bitcoin will experience a sharp correction after reaching its peak, estimates that the price will fall by about 84% from current levels to $16,000. He says that this correction will herald a major bear market for Bitcoin after its current bull cycle.

Expectation of explosion in altcoins

Zeberg points out that with the decrease in Bitcoin's market dominance, altcoins are on the verge of a major rally. The economist states that the most explosive phase of the altcoin season is about to begin, during which there will be excessive enthusiasm in the market and many experts will make bullish predictions. However, Zeberg argues that this period is the "final burst phase" and will only last a few weeks, after which a major bear market will begin.