Bitcoin could drop to $ 1,760 a hard analyst

Macro trader Henrik Zeberg predicted that Bitcoin bulls would have to suffer serious declines before there could be a rally.

Zeberg predicts serious losses in the flagship cryptocurrency, which will push BTC down to $ 1,760. 

This sword goal might seem more likely, given the drop from 15% of Bitcoin that probably surprised some of the market participants.

The analyst claims that it makes sense that Bitcoin has reached a local peak of $ 10,070. The leading cryptocurrency managed to reach five-digit values ​​in a short time, but lost the profits it accumulated in a week, within approximately ten minutes today. 

Zeberg expects the bottom of wave ‘C’ to be reached this June, about a year after reaching the top of wave ‘B’ at $ 13,777.

Despite his bearish attitude, Zeberg believes the flagship cryptocurrency will enter the bull market in 2021.

He predicts a price of $ 54,000 for Bitcoin, saying $ 94,000 is also a possible target.