Economist Henrik Zeberg said altcoin markets are poised for a parabolic rise to new highs before the global economy suffers a recession.
Zeberg told his 143,000 followers on social media platform
Zeberg believes TOTAL-ETH-BTC will soar to “euphoria” near the $1.83 trillion level.
“BLOW-OFF TOP is not over yet!
US stocks and cryptocurrencies will soar in the final and most speculative phase of this economic cycle. Altseason will fly Alt.
You will feel happy!”
As of this writing, TOTAL-ETH-BTC is worth $662.75 billion.
Zeberg shares another chart that suggests that central banks, such as the U.S. Federal Reserve or the European Central Bank (ECB), tend to cut interest rates just before a recession.
“A future economic expansion – or a late cycle and subsequent recession?
For those who may find it difficult to understand where we are in the business cycle, let me explain.
On Thursday, the ECB decided to cut the funds rate.
The ECB and FED will always try to cut interest rates in the second half of the year to prevent the economy from falling into recession.
Now take a look at the chart.
Are we ‘post-cycle’ or on the verge of a ‘new economic expansion’?
Think!”
This month, the Bank of Canada (BOC) and the ECB cut interest rates.
The Fed’s next statement on the federal funds rate is scheduled for the Federal Open Market Committee (FOMC) meeting on June 12. The central bank is expected to keep interest rates unchanged.
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