Analyst Kevin Svenson predicts that Bitcoin (BTC) is on track to reach new all-time highs despite its recent consolidation phase. He explains that based on historical patterns, Bitcoin may begin trading above its current all-time high of $74,000 as early as next month. Svenson highlights previous cycles where it took Bitcoin several months to trend above the all-time high after a halving event. He reassures viewers that the current cycle is following a similar pattern and that their expectations should align accordingly. At the time of writing, Bitcoin is trading at $66,841, experiencing a 2.13% decrease in the past 24 hours.
- Content Editor ( dailyhodl.com )
- 2024-10-26
Bitcoin ‘Right on Track’ for More Upside Despite Months of Sideways Movement, Says Kevin Svenson – Here’s Why