Bitcoin: Zeberg Warns of 90% Crash After Rally

Bitcoin sits at $77084.58 while Michaël van de Poppe and macro strategist Henrik Zeberg clash over whether the move marks a genuine bull market or a fool's rally destined for rejection at $115000-$120000 followed by a 90% drop.

Zeberg argues BTC has never endured a true recession paired with dollar strength, rendering the four-year halving cycle theory misleading and exposing traders to an avalanche of liquidity stress that could trigger the largest crypto market crash on record.

Price action on the 4h chart shows a bearish trend with price below the EMA50 at $77768.82 yet inside the Bollinger Bands, where the upper resistance at $78648.42 and neutral RSI at 45.61 suggest any push higher will likely stall before a retracement tests the EMA200 support at $74481.89 as the MACD death cross at -152.09 reinforces downside momentum.