‘Quite Likely’ Bitcoin Explodes to Six Figures This Cycle, Predicts Analyst Kevin Svenson – Here’s His Outlook

Bitcoin’s Price Outlook

Analyst Kevin Svenson is optimistic about Bitcoin’s price, highlighting its recent double-digit rise. He informs his 78,400 YouTube subscribers that Bitcoin is on a parabolic trend starting from Q4 of 2023 and forecasts it to potentially reach $90,000. After hitting this target, Svenson anticipates a correction phase for re-accumulation before a further surge, possibly to six figures within this cycle.

Possible Scenarios

However, Svenson also mentions the possibility that Bitcoin might not reach the $90,000 target and could break the parabolic trend, resulting in a sideways market movement before the next increase.

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‘Quite Likely’ Bitcoin Explodes to Six Figures This Cycle, Predicts Analyst Kevin Svenson – Here’s His Outlook

Bitcoin’s Price Outlook

Current Bitcoin Price

Bitcoin Mining Profitability: What Every Bitcoin Investor Should Know

Sazmining Review: Why Mining as a Service Is Superior Bitcoin Mining

How to Buy Bitcoin with Cash in Portugal

Comparing Zaprite, Sellix, Stripe, and Flash: Which Payment Solution is Best for Your Business?

Get Monthly Lightning Payouts with Lightning Subscriptions on Flash

Bitcoin: There is no Second Best

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