• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Kevin Svenson's Positive Bitcoin Price Forecasts

user avatar

by Giorgi Kostiuk

3 months ago


Renowned trader Kevin Svenson shares a positive outlook on Bitcoin's potential price recovery. He suggests that the leading cryptocurrency is on the verge of surpassing a downward trend following a period of stagnant pricing.

Svenson's Predictions for Bitcoin's Future

In a recent update on his YouTube channel, Svenson forecasts that Bitcoin will experience quicker price movements after breaking through its current trend line. He anticipates a major rally that could see Bitcoin prices soar.

Possible Maximum Price Levels

Svenson asserts that Bitcoin is currently in a parabolic trajectory, with a price target exceeding $124,000 once it surpasses its previous peak. He notes that the steepening trend line could push prices between $124,000 and $130,000 if momentum continues. At the moment, Bitcoin trades around $104,000, which is still shy of its record high of approximately $108,200 from December 2024. Svenson is encouraged by Bitcoin’s rise from roughly $89,800 earlier in the week.

Outlook and Potential Conditions

- Bitcoin might touch over $140,000 by year-end if the parabolic trend holds. - Expect fluctuations and sideways movements during the summer months. - Future developments hinge on regulatory actions and market appetite for Bitcoin. Traders are closely watching these developments as they align with Svenson’s optimistic predictions, urging caution in their investment choices while navigating the crypto landscape.

Kevin Svenson sees the potential for significant price growth of Bitcoin in the near future. However, changes will depend on various factors, including regulation and market interest. Investors should closely monitor developments to make informed decisions.

0

Share

Other news

BYDFi 5th Anniversary: Innovation and Web3 in Focus

BYDFi celebrates its 5th anniversary: history of growth and Web3 adoption.

user avatarGiorgi Kostiuk

2 minutes ago

Ethereum Price May Drop Due to Weak Stock Market

Analyst Benjamin Cowen predicts Ethereum's price may decline owing to stock market weakness and macroeconomic factors.

user avatarGiorgi Kostiuk

3 minutes ago

Trump's Tariffs Shake Crypto and Global Markets

Trump's tariffs caused a sharp drop in crypto and global markets: Fear Index plummets to 25.

user avatarGiorgi Kostiuk

3 minutes ago

Qubetics Cryptocurrency: Interoperability and Growth Potential

Qubetics offers unique blockchain interoperability and promises high growth potential.

user avatarGiorgi Kostiuk

3 minutes ago

Cryptocurrencies in National Reserve: US Initiative

Donald Trump's announcement of a US crypto reserve including Bitcoin and Ethereum sparks a global discussion on digital assets.

user avatarGiorgi Kostiuk

4 minutes ago

XRP Price Update: Preparing for a Downturn?

XRP holds near the $2 level; market analysis shows potential shifts in the crypto market.

user avatarGiorgi Kostiuk

10 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.