Cryptocurrency

Parabolic

Kevin

Bitcoin

Rise

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-poised-for-sharp-rise-according-to-analyst-kevin-svenson" rel="noopener noreferrer nofollow">Bitcoin Poised for Sharp Rise According to Analyst Kevin Svenson</a><br></p>
<p style="text-align: justify">Cryptocurrency expert Kevin Svenson foresees a substantial increase in <a href="https://en.bitcoinhaber.net/expert-predicts-bitcoins-potential-surge-and-inevitable-corrections" rel="noopener noreferrer nofollow">Bitcoin</a>‘s price in the immediate future. His <a href="https://en.bitcoinhaber.net/crypto-market-outlook-bitcoin-and-ethereum-price-predictions-for-the-upcoming-year" rel="noopener noreferrer nofollow">technical analysis</a> indicates that Bitcoin is following a classic parabolic trend, a pattern that suggests a strong potential for an upward price trajectory. Svenson has conveyed to his audience that Bitcoin is positioned at the third bottom of this trend, historically a precursor to a sharp price rise.</p>
<h2 id="examining-bitcoin-s-parabolic-potential">Examining Bitcoin’s Parabolic Potential</h2>
<p style="text-align: justify">Svenson’s recent insights reveal Bitcoin’s adherence to a parabolic curve, typically indicative of significant future gains. The analyst anticipates that this pattern could propel Bitcoin to $90,000, more than doubling its current value. Nonetheless, he remains cautious about unpredictable market events that could alter this course.</p>
<h2 id="bitcoin-defies-global-liquidity-trends">Bitcoin Defies Global Liquidity Trends</h2>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/ark-invest-acquires-131-8-million-worth-of-gbtc-shares-despite-selling-700000-shares-last-month" rel="noopener noreferrer nofollow">cryptocurrency</a> pundit also observed an unusual trend between Bitcoin’s price and global liquidity fluctuations. Notably, Bitcoin is rising in value during a period of reduced global liquidity, which historically has not been the case. Svenson suggests that if global liquidity recovers, Bitcoin’s price could skyrocket beyond current expectations.</p>
<p style="text-align: justify">Furthermore, Svenson is optimistic about Bitcoin’s long-term prospects, citing $142,500 as a potential peak. He believes that the convergence of factors such as exchange-traded fund approvals, the upcoming block reward halving, and Bitcoin’s resilience could fuel its ascent.</p>
<p style="text-align: justify">Svenson’s assessment resonates with his bullish stance on Bitcoin’s future, as he predicts that the cryptocurrency is on the brink of a significant and rapid price leap. His predictions contribute to the ongoing discourse on Bitcoin’s valuation and the cryptocurrency market’s dynamics.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-poised-for-sharp-rise-according-to-analyst-kevin-svenson" rel="noopener noreferrer nofollow">Bitcoin Poised for Sharp Rise According to Analyst Kevin Svenson</a></h5>

Bitcoin Poised for Sharp Rise According to Analyst Kevin Svenson

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