Bitcoin Expected to Surge, Says Analyst Kevin Svenson
- Kevin Svenson predicts Bitcoin will break above a descending trendline.
- Svenson anticipates Bitcoin reaching at least $124,000 after surpassing its current all-time high.
- The current trading price of Bitcoin is $99,170.
- Bitcoin’s all-time high was approximately $108,200 on December 17th, 2024.
- The cryptocurrency has increased by around 10% from a recent low of about $89,800 this week.
Kevin Svenson suggests that Bitcoin may soon experience a significant price increase, potentially reaching at least $124,000 after breaking its previous all-time high of approximately $108,200. Currently trading at $99,170, Bitcoin has recently risen by about 10% from a low earlier this week.
