Cryptocurrency

2024

Bitcoin

Kevin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analyst-predicts-bitcoins-long-term-price-surge" rel="noopener noreferrer nofollow">Analyst Predicts Bitcoin’s Long-Term Price Surge</a><br></p>
<p style="text-align: justify">Cryptocurrency expert Kevin Svenson recently conveyed his long-term bullish outlook for <a href="https://en.bitcoinhaber.net/bitcoins-upcoming-halving-a-potential-surge-to-120000" rel="noopener noreferrer nofollow">Bitcoin</a> to his YouTube audience. Svenson sees Bitcoin on the verge of a sustained price increase, despite possible short to medium-term pullbacks. He remains confident in the cryptocurrency’s prospects, especially following the anticipated block reward halving event set for mid-April, which he believes will be a precursor to a significant uptrend.</p>
<h2 id="bitcoin-s-potential-for-sustained-growth">Bitcoin’s Potential for Sustained Growth</h2>
<p style="text-align: justify">Despite potential dips surrounding the halving, Svenson views any downward trends as merely transient hurdles. He envisions these as preludes to Bitcoin’s ascent into a major parabolic growth phase. The analyst has charted out a timeline, proposing that the cryptocurrency’s peak cycle is still over ten months away.</p>
<p style="text-align: justify">Svenson anticipates the most advantageous period for market gains to span between January 2025 and October 2025, which he refers to as the 40th to 80th-week zone. He believes this will be a prolonged bullish market period, culminating in a highly profitable zone for investors.</p>
<p style="text-align: justify">The projection encourages investors to take advantage of this one to one-and-a-half-year window. During this interval, characterized by dominant bullish trends and expansive parabolic rallies, Svenson advises market participants to increase their stakes in Bitcoin to maximize returns.</p>
<h2 id="bitcoin-s-performance-at-present">Bitcoin’s Performance at Present</h2>
<p style="text-align: justify">According to recent market data, Bitcoin is currently trading at approximately $52,000. This price point represents a notable 32% increase from its 2024 low near $39,505, fitting Svenson’s optimistic narrative and mirroring the prevalent positive market sentiment around the leading digital currency.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analyst-predicts-bitcoins-long-term-price-surge" rel="noopener noreferrer nofollow">Analyst Predicts Bitcoin’s Long-Term Price Surge</a></h5>

Analyst Predicts Bitcoin’s Long-Term Price Surge

Table of Contents

BH NEWS

Other articles published on Feb 16, 2024

Bitcoin ETFs Add $701.8M in BTC as Grayscale Cuts Back

Best No Account Casinos to Play Without Registration in 2024

Standard Chartered’s Insight on Bitcoin and Ethereum

Breaking: Bored Apes Creator Yuga Labs Acquires Moonbirds’ Proof

UK Grapples with AI Regulation Amid Growing Calls for Action

Avalanche Foundation Unveils $180M Avalanche Rush for DeFi Growth

Join our free newsletter for daily crypto updates!