Bitcoin Braces For Wild Ride: Analyst Predicts Unprecedented Volatility, Says Apex Crypto Could Hit $90,000
Portfolio Pulse from Bibhu Pattnaik
Cryptocurrency analyst Kevin Svenson predicts intense volatility for Bitcoin, suggesting it could reach $90,000. Svenson explains Bitcoin is in the fourth stage of a parabolic curve pattern, indicating significant price swings are likely. Despite potential volatility, this could be part of a larger bullish trend.
March 16, 2024 | 3:38 pm
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Bitcoin is expected to experience significant volatility, with potential swings between $55,000 and $80,000, before possibly reaching a target of $90,000, according to analyst Kevin Svenson.
Kevin Svenson's analysis suggests Bitcoin is in a critical phase of its parabolic curve pattern, indicating upcoming volatility but with a bullish outlook. This analysis, based on historical patterns and current market behavior, points towards significant price movements in the short term.
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