Analyst Kevin Svenson Remains Bullish on Bitcoin Despite Recent Correction
- Bitcoin has declined by approximately 23% from its all-time high recorded in January.
- Kevin Svenson remains optimistic about Bitcoin’s potential for new all-time highs.
- Svenson uses the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) as key indicators.
- The RSI suggests oversold or overbought conditions, while the MACD analyzes price trends and momentum.
- Svenson anticipates a possible market dip to the low $70,000s before recovery.
- Bitcoin is currently trading at $83,586.
Despite a significant decline from its peak, analyst Kevin Svenson maintains his bullish outlook for Bitcoin, citing RSI and MACD indicators. He predicts potential new all-time highs after a period of sideways trading and possible further dips. Bitcoin is currently valued at $83,586.
Source (2.6)https://dailyhodl.com/2025/03/22/nothings-changed-trader-says-hes-still-expecting-bitcoin-all-time-highs-this-cycle-but-theres-a-catch/?rand=59076
