Twitter influencer and cryptocurrency analyst Kevin Svenson emphasized that Bitcoin will not give a second chance to buy in this part of the cycle.
Experienced name Kevin Svenson on social media dated February 14 in the post“Expecting a decline in Bitcoin”bear” He made a remarkable warning to investors. February 13 Bitcoin’s day again 50 thousand dollars As soon as he got to his door, he said,double top formationSvenson stated that the bears who said that it was formed were once again proven wrong. We are at the wrong time to expect a decline. told.
Bitcoin’s bull cycles are particularlyIn the times before the halving While he emphasized that he does not like to give second chances to make a purchase, he reminded that historically it has always worked this way:
Yesterday the bears were screaming “the double top has come, we will fall”. What they forget is that Bitcoin doesn’t like to give second chances at this point in the cycle. Look at history. As we approach the halving, the opportunity to “buy low” quickly disappears.
According to NiceHash data, Bitcoin halving in April 2024 is expected to happen. According to CoinGecko data, Bitcoin, which has increased by 4% in the last 24 hours, is at the time of writing. from $51,700 is being traded.