Bitcoin Analyst Predicts New Highs Amid Market Stagnation: 'We Are Right On Track, Right On Schedule'
Portfolio Pulse from Rounak Jain
Bitcoin analyst Kevin Svenson predicts a new all-time high for Bitcoin, drawing on historical patterns and the current market cycle. Bitcoin is currently 35 months past its last all-time high, suggesting a potential breakout. Despite recent stagnation, optimism remains for Bitcoin's future price trajectory.
October 27, 2024 | 5:06 am
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Bitcoin is predicted to reach a new all-time high based on historical patterns and current market cycles. Analyst Kevin Svenson suggests a potential breakout as Bitcoin is 35 months past its last high.
The analysis is based on historical data showing Bitcoin's price movements post-halving events. With Bitcoin currently 35 months past its last all-time high, it aligns with previous cycles where a breakout occurred around this timeframe.
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