"If the prediction comes true, investors will be happy, but what if it doesn't?
Prominent traders including analyst Henrik Zeberg predict the entire cryptocurrency market will see massive growth in line with expectations of falling inflation and a promising economic outlook.
Not only that, Zeberg also expects US stocks to rise in the second half of 2024 following a recession that may start in the fourth quarter of this year which will result in a rapid decline in the broader market.
According to Tom Lee, Head of Fundstart Research who sees inflation falling sharply in the second half of this year has predicted the price of BTC will reach $150,000 by 2024.
Please note that the Consumer Price Index (CPI) data release scheduled for Wednesday this week has the potential to be a major bullish catalyst for the entire crypto market if the latest figures are lower than projected.
Earlier in April 2024, stocks and crypto fell drastically as US inflation proved higher than expected.
The streak, concerns that the US could enter another phase of stagflation* has been sparked but Fed Chairman Jerome Powell quickly addressed the anxiety by injecting confidence into the market.
*Persistent high inflation combined with high unemployment and unstable demand in a country's economy
US stock markets rallied after the Fed announced plans to cut lending rates this week, however BTC remains volatile as its price now hovers below $61,000.
