Bitcoin price is expected to rally by at least 60% based on technical analysis by macroeconomist Henrik Zeberg.
Zeberg identifies three critical technical indicators - Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Relative Vigor Index (RVGI) - that are aligning for a potential upward price movement.
Historically, when these indicators have aligned, Bitcoin has experienced significant price rallies of over 60%.
Zeberg forecasts a potential 'Blow-Off Top' scenario where Bitcoin could reach between $115,000 and $120,000 before a US recession.