Rally

Parabolic

Bitcoin

Kevin

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-poised-for-parabolic-rally-says-crypto-analyst/" data-wpel-link="internal">Bitcoin Poised for Parabolic Rally, Says Crypto Analyst</a><br></p>
<p style="text-align: justify">Crypto analyst and trader Kevin Svenson has laid the groundwork for a potential <strong><a href="https://en.coin-turk.com/crypto-analyst-credible-crypto-issues-bitcoin-crash-warning-as-btc-struggles-below-key-level/" data-wpel-link="internal">Bitcoin</a></strong> (BTC) parabolic rally. He suggests that the leading cryptocurrency could enter a parabolic trajectory following a significant event scheduled to occur in just two months.</p> 
<h2 style="text-align: justify" id="bitcoin-s-future-trajectory-points-to-a-parabolic-rally">Bitcoin’s Future Trajectory Points to a Parabolic Rally</h2> 
<p style="text-align: justify">In a recent strategy session, Svenson shared his views with his 71,700 <strong>YouTube</strong> subscribers, predicting that Bitcoin is ready to reach new heights after the halving event planned for April.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-312724 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/bitcoin-btc-kriptopara-cointurk.webp" alt="" width="2048" height="1085"></p> 
<p style="text-align: justify">The halving, which occurs every four years, involves cutting miners’ rewards in half and has historically triggered significant market movements.</p> 
<p style="text-align: justify">Svenson expressed his expectations with the following words:</p> 
<blockquote> 
 <p style="text-align: justify">“In this election year, we will likely see the stock market rise, which means that Bitcoin will reach a parabolic curvature somewhere after the halving. And the second half of 2025 will be the time to exit the market.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="chart-analysis-and-price-predictions">Chart Analysis and Price Predictions</h2> 
<p style="text-align: justify">Based on his charts, Svenson predicts that Bitcoin could surpass the $100,000 level in the current cycle, potentially as early as December.</p> 
<p style="text-align: justify">He also forecasts that the peak of the current market cycle will occur around October 2025, in line with historical price movements following previous halving events. Svenson elaborated on this point by emphasizing:</p> 
<blockquote> 
 <p style="text-align: justify">“As far as we can see, after every halving so far, profitability ends 80 weeks later, the area you want to exit the market. The 2016 halving, 80 weeks after this halving, the profit zone ends, bear market kicks in. The 2020 halving, 80 weeks later peak, you want to exit the market… And now 80 weeks later, the halving in April brings us to October 2025. At this point, we can be sure that we have completely exited the market. Because a bear market is likely coming.”</p> 
</blockquote> 
<h2 style="text-align: justify" id="current-market-outlook-and-price-trends">Current Market Outlook and Price Trends</h2> 
<p style="text-align: justify">At the time of writing this article, Bitcoin is trading at $45,330, recording an increase of over 3% in the last 24 hours. This upward movement aligns with Svenson’s optimistic perspective on the future direction of Bitcoin. Indeed, Svenson expects significant gains in the coming months and years.</p> 
<p style="text-align: justify">While Svenson’s views resonate within the crypto community, investors are closely monitoring Bitcoin’s movements and eagerly anticipating the potential realization of post-halving predictions.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-poised-for-parabolic-rally-says-crypto-analyst/" data-wpel-link="internal">Bitcoin Poised for Parabolic Rally, Says Crypto Analyst</a></h5>

Bitcoin Poised for Parabolic Rally, Says Crypto Analyst

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