Oh joy, another analyst with a crystal ball, predicting the unpredictable world of cryptocurrency! 🤣 Kevin Svenson, a cryptocurrency trader and analyst, claims that Bitcoin is about to go vertical – and I’m not talking about my bank balance after a shopping spree.
In a recent YouTube video, Svenson told his 83,500 subscribers (yes, that’s a lot of people hanging on to his every word) that Bitcoin is poised to reach new all-time highs as it enters the final phase of its parabolic advance. Because, you know, the graphs and charts say so… 📊
But don’t get too excited just yet, folks! Svenson warns that a sharp correction may follow the next leg up. Because, you know, what goes up must come down – or at least, that’s what my mum used to say when I was a kid. 🤷♀️
“We are now entering the vertical stage, where most likely the price is going to be sending up toward levels like $140,000 – $150,000 is my estimated range for the next top zone to come in before a break of the parabolic trend.
And unlike the textbook diagram where it’s a straight line, that’s of course not how it goes. It’s not going to be a straight line up. There’s going to be chop, volatility all along the way on our way to those higher levels.
Maybe around October, we’ll be seeing $140,000 – $150,000 for Bitcoin.” Yeah, because predicting the exact date and price of a cryptocurrency is totally a thing… 🙄
Looking at Svenson’s chart, it seems like Bitcoin is escaping base four of the parabolic curve pattern – a phase where BTC will likely witness a blow-off rally before a parabolic burst. Or, you know, it could just be a bunch of squiggly lines on a graph… 🤪
Bitcoin is currently trading at $116,445, so I guess we’ll just have to wait and see if Svenson’s predictions come true. In the meantime, I’ll be over here, eating my popcorn and watching the cryptocurrency circus… 🍿
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2025-07-16 20:02