Bitcoin Shows Strong Bullish Momentum, Analyst Predicts Potential Upside
- Bitcoin has shown strong bullish momentum over the past two weeks.
- Kevin Svenson, a cryptocurrency trader and analyst, notes Bitcoin’s breakout on the four-hour chart.
- The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators suggest further upward movement.
- Svenson predicts Bitcoin could reach approximately $100,000.
- A potential downside risk exists, with a possible correction below $90,000 before continuation.
- Bitcoin is trading at $97,067 at the time of writing.
Kevin Svenson highlights Bitcoin’s recent bullish trend and suggests it may continue rising based on technical indicators. However, he cautions about potential market volatility and corrections.
Source (2.6)https://dailyhodl.com/2025/05/03/trader-says-bitcoin-looking-really-good-predicts-more-upside-amid-two-bullish-signals-but-theres-a-catch/?rand=59076
