Kevin

Bitcoin

when

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/expert-analyst-forecasts-bitcoins-triple-digit-growth-to-new-highs" rel="noopener noreferrer nofollow">Expert Analyst Forecasts Bitcoin’s Triple-Digit Growth to New Highs</a><br></p>
<p style="text-align: justify">In a recent update, a well-known crypto analyst, Kevin Svenson, has projected a significant upswing for <a href="https://en.bitcoinhaber.net/bitcoins-uncertain-future-investor-expectations-and-market-predictions" rel="noopener noreferrer nofollow">Bitcoin</a>, suggesting the possibility of a triple-digit percentage increase from its present valuation. Through his social media platform, Svenson communicates to his audience that, based on past performances, Bitcoin’s price could escalate by 50% to 201%, reaching unprecedented levels.</p>
<h2 id="targets-set-from-95-000-to-190-000">Targets Set from $95,000 to $190,000</h2>
<p style="text-align: justify">According to Svenson’s analysis, Bitcoin could potentially climb to a minimum of $95,000, aiming for a median of $142,000. Under the most favorable circumstances, he sees the leading <a href="https://en.bitcoinhaber.net/exploring-the-cryptocurrency-market-anticipating-volatility-in-the-upcoming-week" rel="noopener noreferrer nofollow">cryptocurrency</a> soaring as high as $190,000. The analyst anticipates an interim goal around $124,000 within a probable range between the minimum and median targets.</p>
<p style="text-align: justify">Svenson cautions that with such a climb to new heights, the market should brace for increased volatility, especially as Bitcoin nears the $90,000 mark. He predicts that the fluctuations experienced at this point would dwarf current volatility levels.</p>
<p style="text-align: justify">He further explains that in periods of rapid growth, investors could face heightened vulnerability, often paving the way for a steep correction. This could result in breaking the parabolic trend and transition Bitcoin into a phase of consolidation.</p>
<h2 id="heedful-of-consolidation-phases">Heedful of Consolidation Phases</h2>
<p style="text-align: justify">The analyst stresses the need for prudent investment strategies, especially when Bitcoin is on the threshold of considerable psychological milestones like $100,000. He notes that before the 4th block reward halving, it’s plausible for Bitcoin to enter a consolidation phase even after ascension to the $90,000 level.</p>
<p style="text-align: justify">Currently, Bitcoin trades at $63,125, witnessing a regress of about 13% from its peak of $73,750 on March 14th. Svenson’s optimistic predictions emerge during a time of heightened enthusiasm and conjecture in the crypto currency sphere, with investors keeping a keen eye on Bitcoin’s trajectory and its potential for further appreciation.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/expert-analyst-forecasts-bitcoins-triple-digit-growth-to-new-highs" rel="noopener noreferrer nofollow">Expert Analyst Forecasts Bitcoin’s Triple-Digit Growth to New Highs</a></h5>

Expert Analyst Forecasts Bitcoin’s Triple-Digit Growth to New Highs

Table of Contents

BH NEWS

Other articles published on Mar 21, 2024

Shiba Inu To Make ‘Miracle Recovery’ To New ATH, SHIB Marketing Lead Says

Kelexo’s stage 2 lending platform presale draws ETH and SOL investors

Reddit Lists on NYSE With $47 Stock Price; Valuation Tops Estimates

Solana: The Crypto Brand Compared to Apple

TON Foundation Launches The Open League Seasons, with approximately US$115 Million in Toncoin Com...

Hacker Disrupts Apex Legends Esports Finals, Claims Act Was “Just for Fun”

Join our free newsletter for daily crypto updates!