Bitcoin Halving: Friend Or Foe? Expert Unveils When Exactly 'We Could See A Big Dip'
Portfolio Pulse from Murtuza Merchant
Cryptocurrency expert Kevin Svenson predicts a significant downturn for Bitcoin following the upcoming halving event, suggesting a potential dip to as low as $44,000 after a short-squeeze target of $60,000. This prediction contrasts with other analysts' more bullish expectations and highlights the potential for volatility and corrections in the cryptocurrency market.
February 22, 2024 | 4:17 pm
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Kevin Svenson predicts a significant downturn for Bitcoin post-halving, with a potential dip to $44,000 after reaching a short-squeeze target of $60,000, contrasting with more bullish market expectations.
Svenson's prediction is based on the historical impact of Bitcoin halving events on its price, suggesting a correction after an initial bullish momentum. This analysis diverges from the consensus, indicating potential short-term volatility and a price dip as investors react to the halving event and adjust their expectations.
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