Parabolic

Kevin

Bitcoin

when

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-set-to-soar-analyst-kevin-svenson-projects-striking-90k-price-point">Bitcoin Set to Soar: Analyst Kevin Svenson Projects Striking $90K Price Point</a><br></p>
<p style="text-align: justify">Kevin Svenson, a renowned <a href="https://en.bitcoinhaber.net/from-1-eth-to-a-fortune-the-trading-journey-of-a-crypto-investor">cryptocurrency</a> analyst, has offered a bold projection for <a href="https://en.bitcoinhaber.net/bitcoin-etfs-propel-market-to-record-highs-as-major-players-boost-reserves">Bitcoin</a>‘s value, anticipating a significant surge in the digital currency’s price. Svenson’s analysis suggests Bitcoin is embarking on a notable phase of its price trajectory, which could see the digital asset reach a staggering $90,000. This prognostication arrives at a time when the cryptocurrency market is experiencing substantial fluctuations, often leaving investors and market observers on the edge of their seats.</p> 
<h2 id="stages-of-bitcoin-s-parabolic-surge">Stages of Bitcoin’s Parabolic Surge</h2> 
<p style="text-align: justify">Svenson posits that Bitcoin is traversing the initial stage of a parabolic curve’s fourth level, a pattern that began taking shape around November 2022. Such a parabolic trend includes several stages where the asset’s price typically experiences a period of consolidation before resuming an upward climb.</p> 
<h2 id="volatility-and-market-predictions">Volatility and Market Predictions</h2> 
<p style="text-align: justify">The crypto strategist forecasts a period of heightened volatility as Bitcoin nears the final stage of this parabolic shape. He anticipates a sequence of dramatic price swings, which could see Bitcoin ascend to $80,000, dip back to $55,000, rebound past $70,000, and eventually stabilize in the mid-$60,000 range. Svenson cautions that these rapid fluctuations are characteristic of parabolic movements and may pose a challenge for market participants.</p> 
<p style="text-align: justify">Despite the anticipated instability, Svenson’s analysis sees Bitcoin hitting an impressive $90,000 mark, aligning with the current trends of the parabolic curve. While he stops short of declaring this figure as the peak or a signal of the end of a bull run, he suggests that such a milestone could be pivotal, potentially indicating the start of an even more expansive trend akin to the market dynamics seen in 2017.</p> 
<p style="text-align: justify">Bitcoin’s recent price actions have been a rollercoaster, with a record high of $73,750 followed by a slump to $66,000, causing ripples across the crypto sphere. Bitcoin has since regained ground, edging towards the $70,000 threshold. Presently, Bitcoin is trading slightly over $69,000, showcasing the ongoing market volatility highlighted in Svenson’s assessment.</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-set-to-soar-analyst-kevin-svenson-projects-striking-90k-price-point">Bitcoin Set to Soar: Analyst Kevin Svenson Projects Striking $90K Price Point</a></h5>

Bitcoin Set to Soar: Analyst Kevin Svenson Projects Striking $90K Price Point

Table of Contents

BH NEWS

Other articles published on Mar 16, 2024

How Trader Made $4.3M from This Solana Token That Gained 33,000% in 2 Days Before Major Exchange ...

Bitcoin’s Rise: A Blueprint for Oduwacoin’s Success

Bitcoin Technical Analysis: $67K to $100K Milestone

Ethereum and Altcoins Prepare for a MASSIVE Rally! Best Picks According to Experts

Rising US Debt to Become the Catalyst for Surge in Crypto Markets

BEELaunchpad Unveils Exciting Benefits for BEES Token Holders!

Join our free newsletter for daily crypto updates!