Twitter phenomenon and crypto analyst Kevin Svenson said that Bitcoin (BTC) can perform 100% when explaining the bullish formation.
Kevin Svenson on Twitter in sharingNoting that Bitcoin forms a parabolic formation, up to 60 thousand dollars He stated that it may be in the process of creating a buyer base for the continuation of the rally.
Bitcoin’s current bottom 15,500 from dollar levels to 28 thousand Stating that he created two support areas in the process he reached until today, the analyst said, to form a third support area He said he was about to. The analyst also added that according to Bitcoin’s parabolic curve formation, approximately At the level of 30 thousand dollars after a support zone up to 60 thousand dollars He stressed that he could.
On the other hand, Svenson said that Bitcoin On the 4-hour chart as it does not violate its uptrend and also its horizontal support standing strong, a strong rise expressed his ability to perform.
According to CoinGecko data, BTC is from $28,035 is being traded.
