Bitcoin Poised to Reach $60,000, But a Dip May Follow

Crypto expert Kevin Svenson predicts that Bitcoin (BTC) could surge to $60,000 before the upcoming halving event, where miners’ rewards are halved.

Svenson believes that the current momentum could propel BTC to this key resistance level. However, he cautions that a dip to around $44,000 is possible after the halving.

Svenson attributes the potential rise to anticipation and optimism surrounding the halving, which often leads to bullish sentiment.

At the time of writing, BTC is trading at $49,604, slightly down from the previous day.