Bitcoin Poised for Growth Amid Bullish Indicators, Analyst Predicts
- Bitcoin has increased by over 15% in the past month.
- Analyst Kevin Svenson highlights a bullish trend using the MACD indicator.
- Svenson identifies an ascending triangle pattern on Bitcoin’s four-hour chart.
- A potential price target of $99,600 is suggested for Bitcoin’s next breakout.
- The US stock market recovery is cited as a factor supporting Bitcoin’s bullish outlook.
- Bitcoin is currently trading at $95,012.
Analyst Kevin Svenson notes a bullish trend for Bitcoin, citing a potential price target of $99,600 based on current technical patterns and market conditions. Bitcoin’s recent price increase and stock market recovery contribute to this positive outlook.
Source (2.6)https://dailyhodl.com/2025/05/01/bitcoin-on-cusp-of-moving-higher-amid-bullish-signal-says-crypto-analyst-kevin-svenson-here-are-his-targets/?rand=59076
