Kevin

Bitcoin

<p>The post <a href="https://coinpedia.org/price-analysis/when-will-bitcoin-price-hit-all-time-high-pro-crypto-analyst-kevin-stevenson-predicts-timeline/" rel="noopener noreferrer nofollow">When Will Bitcoin Price Hit All-Time-High? Pro-Crypto Analyst Kevin Stevenson Predicts Timeline</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>In a recent video, prominent crypto analyst and YouTuber Kevin Stevenson shared insights on Bitcoin’s current price action and his optimistic forecast for a new all-time high in the coming months.</p>
<h2 class="wp-block-heading" id="h-stevenson-s-predictions"><strong>Stevenson’s Predictions</strong></h2>
<p>Stevenson <a href="https://www.youtube.com/watch?v=YlBIilFvEM8&amp;ab_channel=KevinSvensonCrypto" rel="noopener noreferrer nofollow">talked </a>about the recent sideways movement in Bitcoin’s price but emphasized that the lack of lower lows since December is a positive sign. He discussed the potential for a pullback to test oversold levels on the daily chart and why he remains unfazed by the recent downturn.</p>
<p>Stevenson highlighted the correlation with the S&amp;P 500 and pointed out that the stock market is nearing its all-time high. He suggested that historical patterns indicate a strong likelihood that Bitcoin will follow suit just months after the S&amp;P 500 breaks its record. Stevenson recalled instances from the second and third Bitcoin halvings, where the S&amp;P 500’s all-time high preceded Bitcoin’s surge.</p>
<p>Addressing the bearish scenario, Stevenson indicated a potential dip below the critical level of $40,200, which could lead to a retest of oversold levels, with a target around $35,000. However, he also expressed confidence in a quick comeback, referencing positive fundamental events, including ETF approvals and the upcoming halving.</p>
<h2 class="wp-block-heading" id="h-bitcoin-ath-and-s-amp-p500-ath-nbsp"><strong>Bitcoin ATH and S&amp;P500 ATH&nbsp;</strong></h2>
<p>Stevenson states that any dips before halving, especially during pre-halving, are usually “generational buy opportunities.” He advises viewers to notice any potential dip as a buying opportunity, especially considering the historical significance of price levels before each Bitcoin halving.</p>
<p>Stevenson’s analysis also focused on the synchronicity between the S&amp;P 500 and Bitcoin’s price movements. Notably, he pointed out that historically, when the S&amp;P 500 reached its all-time high, Bitcoin followed and reached its all-time high within a few months.</p>
<p>Drawing parallels to the second and third Bitcoin halvings, Stevenson pointed out Bitcoin’s 2nd-halving and the most recent 3rd-having, where the S&amp;P 500’s milestone preceded Bitcoin’s ATH.&nbsp;</p>
<h2 class="wp-block-heading" id="h-conclusion"><strong>Conclusion</strong></h2>
<p>As Bitcoin hovers above $40,000, Stevenson’s analysis provides a cautious and optimistic approach, correlating Bitcoin’s price trajectory with the upcoming S&amp;P 500s nearing their all-time high.&nbsp;</p>
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When Will Bitcoin Price Hit All-Time-High? Pro-Crypto Analyst Kevin Stevenson Predicts Timeline

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