Ahead of a potential recession, economist Henrik Zeberg has forecasted a significant rise in the altcoin market, suggesting a euphoric bull run is imminent.

What Happened: Zeberg has forecasted a significant rise in the altcoin market, Daily Hodl reported on Monday.

Zeberg is analyzing the TOTAL-ETH-BTC chart, which tracks the market cap of all crypto assets excluding Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). He believes this chart indicates an upcoming parabolic run for altcoins.

“U.S. Equities and Crypto will soar into the final – and most speculative phase – of this Business Cycle. Altseason will send Alts flying,” Zeberg said.

Additionally, Zeberg presented a chart showing that central banks, such as the Federal Reserve and the European Central Bank (ECB), typically reduce rates just before a recession. He pointed out that the ECB recently cut its Fund Rates on Thursday.

Zeberg emphasized that central banks often cut rates late in the economic cycle to prevent a recession. He posed the question of whether we are in a “Late Cycle” or on the brink of a “New Economic Expansion.”

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This story was generated using Benzinga Neuro and edited by Pooja Rajkumari