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Analyst’s Parabolic Curve Pattern Theory
- Kevin Svenson, a crypto strategist, believes Bitcoin (BTC) is nearing a point in its parabolic uptrend where its value could surge rapidly.
- Svenson explains that Bitcoin is following a textbook parabolic curve pattern and is currently in base three of the pattern.
- He predicts that Bitcoin could double in price from its current level, reaching a target of $90,000, based on the textbook’s suggestion.
Global Liquidity and Bitcoin’s Bullish Trend
- Svenson notes that Bitcoin tends to experience bull markets when global liquidity is rising.
- Currently, Bitcoin is rising despite falling global liquidity levels, indicating potential for further gains if liquidity improves.
Factors Contributing to Bitcoin’s Potential Surge
- Svenson cites several positive factors for Bitcoin, including the upcoming ETF approval, the halving event, and the divergence from global liquidity.
- He believes these factors could contribute to an unexpected surge in Bitcoin’s value, potentially reaching an estimated peak of $142,500.
Disclaimer
- FastPayCrypto does not provide investment advice.
- Investors should conduct thorough research before making high-risk investments in Bitcoin, cryptocurrency, or digital assets.
- Transfers and trades are at the investor’s own risk, and any losses incurred are their responsibility.
