According to the chart he shared, Bitcoin appears to be completing the final stages of this structure, and this is expected to be characterized by exhaustion. Zeberg labels the current zone as a topping area, where upside progress becomes increasingly unstable even if the price continues to increase.
From Euphoria To A Deep Crash Scenario He compared the setup to the dot-com era, when the Nasdaq fell by more than 80%, and noted that Bitcoin has historically amplified both upside and downside moves. Based on that logic, he predicted a scenario where a broader AI and crypto bubble unwinds, leading to a Bitcoin price crash of about 97% or 98% from the eventual peak.
This translates into a technical minimum target between $3,000 and $4,000, with the possibility of even deeper declines. Although the final rally may be dramatic, holding through the subsequent crash could be devastating for unprepared investors.
Another indicator is the monthly MACD, which is also approaching, or already printing, a bearish crossover on the long-term chart.
