Crypto Analyst Predicts Bitcoin Could Reach Six Figures This Cycle, But Cautions About 'Lot Of Possibilities' Post 90K Mark
Portfolio Pulse from Benzinga Neuro
Crypto analyst Kevin Svenson predicts Bitcoin could reach $90,000 and potentially six figures this cycle, but cautions about possible corrections and sideways price action post $90K. Bitcoin's recent price movements have garnered significant attention, with other analysts also projecting new all-time highs.
May 23, 2024 | 1:55 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Kevin Svenson predicts Bitcoin could reach $90,000 and potentially six figures this cycle, but warns of possible corrections and sideways price action post $90K.
Svenson's bullish outlook on Bitcoin, combined with recent price movements and other analysts' projections, suggests a positive short-term impact on Bitcoin's price. However, caution about potential corrections post $90K tempers the overall optimism.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100