Cryptocurrency analyst and trader Kevin Svenson over the coming weeks and months Bitcoin He shared a wide series of predictions for (BTC). Svenson did not neglect to reiterate his ambitious prediction that BTC will continue its rise.
According to the crypto analyst, even if a correction occurs in the short and medium term, Bitcoin is in a position to inevitably skyrocket. The most important reason for this is the parabolic expansion phase that will occur after the halving. As we reported as Koinfinans.com, the halving is expected to occur in April.
According to Svenson, there are at least ten months until the Bitcoin price reaches the peak of the cycle.
“I’ll let the market decide what the price target is, where the top is. However, my guess is that this will happen between January 2025 and October 2025. This is located in the expected profit end zone – October 2025.
So wherever this region is, that is the target region. This is where you want to scale. So that means we have over a year, about a year to a year and a half of our overall bull market price movement, our overall uptrend. You know, parabolas expand into larger parabolas.”
