Analyst: Bitcoin Poised for a Strong Bull Market, Next Rally Could Reach $150,000
According to ChainCatcher, citing a report from Daily Hodl, cryptocurrency analyst and trader Kevin Svenson stated that Bitcoin (BTC) is currently in a "very strong bull market" and is about to enter a phase of sharp upward movement. "The next rally could see a 30% increase, reaching $140,000 to $150,000."
Svenson told his 83,700 subscribers on his YouTube channel that Bitcoin could appreciate by about 30% from its current level in the upcoming surge. He made this prediction based on the step-like pattern of the parabolic curve, which suggests that Bitcoin is at the peak stage of its upward trend.
Svenson believes that an increase in global liquidity (M2) could sustain Bitcoin's bull market into the fourth quarter.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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