Kevin Svenson, a cryptocurrency analyst and trader, is bullish about Bitcoin (BTC), despite a recent market rebound.
Svenson, a YouTuber with 82,000 subscribers, says in a recent video that Bitcoin will break above a trendline descending after several weeks of price movement sideways.
I think that we will see something very similar in the future where things are going to happen much quicker than expected. This will leave everyone behind and send prices up significantly. The parabolic pattern will continue, taking us to another peak before we see a sideways movement .”
Svenson believes that Bitcoin has entered a trend of parabolic growth. Crypto analyst Svenson says that after Bitcoin breaks above its current high, the next price goal is $124,000.
This trend line has become steeper. If bitcoin continues to follow this parabola and we reach something like $124,000 or $130,000, and then trade sideways along the trend line parabolic, then I expect to see a big downturn, then settle into summer, and then go to a high of $140,000 by the end. .”
Bitcoin’s price is currently $99,170, which is approximately 8% lower than the high point of $108,200, reached in December 2024.
Crypto king has risen by about 10% from the recent lows of $89,800 and 2025.
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Kevin Svenson: Bitcoin Price Will Rise Much Faster Than Expected, Kevin Svenson. Here is His Target. This article may change as new information becomes available.
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