Crypto Analyst Predicts Bitcoin To Blast Off To $90,000 If This Happens
Portfolio Pulse from Bibhu Pattnaik
Crypto analyst Kevin Svenson predicts Bitcoin could surge to $90,000 if it closes the week above the parabolic curve trend line, despite a recent 11% correction. Svenson emphasizes Bitcoin's current bull market status, noting higher lows and a potential 42% price increase if it stays above $67,000.
June 22, 2024 | 4:58 pm
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Crypto analyst Kevin Svenson predicts Bitcoin could surge to $90,000 if it closes the week above the parabolic curve trend line, despite a recent 11% correction. Svenson emphasizes Bitcoin's current bull market status, noting higher lows and a potential 42% price increase if it stays above $67,000.
Svenson's analysis suggests a significant price increase for Bitcoin if it maintains its current trajectory, which could lead to increased investor interest and buying pressure.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100