CandleFocus Bitcoin ‘Really Close’ to Exploding to New All-Time High, Says Analyst Kevin Svenson – Here’s the Timeline
2024-09-20
Author: Content Editor
According to analyst and trader Kevin Svenson, the recent recovery in Bitcoin's price could indicate a bullish trend for the cryptocurrency. Svenson believes that Bitcoin has the potential to reach new all-time highs in the coming months, possibly surpassing $73,800. He also points to the Relative Strength Index (RSI) as a bullish signal on the weekly time frame. Svenson suggests that if there is a breakout in the RSI, Bitcoin could experience significant gains in the next few months, with the potential for continued bullishness into 2025. At the time of writing, Bitcoin is trading at $62,951.
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