Macroeconomist and technical analyst Henrik Zeberg issued a stern warning about the cryptocurrency market on Tuesday, describing it as the “Bubble of this era” and predicting a big crash.
When Is The Blow-Off Top Coming?
In an X post, Zeberg called the current state of the market “insane” and predicted a “horrendous” crash.
Zeberg marked the so-called “Bubble” area on a chart, with a projected peak market valuation of $12.95 trillion around late 2025 and early 2026. The chart has multiple “Euphoria” labels, representing previous bull runs in 2017 and 2021, followed by a sharp downturn.
The structure resembled a rising wedge formation, a bearish technical analysis pattern that signals a potential reversal of an uptrend.
The chart indicated that after achieving its peak valuation, the market would face a catastrophic decline, potentially plunging to $93 billion. For context, the cryptocurrency market was worth $4 trillion as of this writing.