Crypto analyst and trader Kevin Svenson believes that Bitcoin (BTC) still has more room for upside potential despite the bearish sentiment in the market. He notes that Bitcoin is performing well despite the recent price correction in some altcoins. Svenson explains that based on historical patterns, the exciting part of the Bitcoin cycle starts around 40 weeks after the halving event. Since the fourth halving event occurred on April 19th, 2024, it is nearly 41 weeks since then, suggesting that the bullish phase may be approaching. Svenson predicts that the price of Bitcoin could rise by up to 35% from its current level, potentially reaching $124,000 to $142,000.



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