Analyst Predicts Bitcoin To Soar By 83%, But There's One Major Catch: 'We're Going To Get That Continuation As Long As ...'
Portfolio Pulse from Bibhu Pattnaik
Cryptocurrency analyst Kevin Svenson predicts an 83% surge for Bitcoin, contingent on stock market stability. Svenson highlights Bitcoin's bullish structure since early 2023 and its potential rise to $110,000-$117,000. However, this growth is dependent on the stock market's stability, emphasizing the interdependence between cryptocurrency and traditional financial markets.
July 20, 2024 | 5:55 pm
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Kevin Svenson predicts Bitcoin could surge by 83%, reaching up to $117,000, contingent on stock market stability. This highlights the interdependence between cryptocurrency and traditional financial markets.
Svenson's prediction of an 83% surge in Bitcoin's price is highly significant for investors. However, the dependency on stock market stability introduces a variable that could affect this outcome. The interdependence between the cryptocurrency and traditional financial markets is crucial for investors to consider.
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