Crypto Analyst Predicts Bitcoin Will Go Parabolic After Halving Event
Cryptocurrency analyst and trader Kevin Svenson believes that Bitcoin (BTC) is on the verge of going parabolic, with a key event just two months away. Svenson shares his insights in a recent strategy session, suggesting that Bitcoin will reach a new all-time high after the halving event in April, based on previous market cycles.
What Are Halving Events?
Halving events occur every four years and involve cutting miners’ rewards in half. Svenson explains that this election year will likely see the stock market rise, which will subsequently push Bitcoin to reach its parabolic curve after the halving. He predicts that Bitcoin could potentially surpass $100,000 by December.
Predicting the Peak and Exit Point
Svenson analyzes historical price action and forecasts that Bitcoin will peak in the current market cycle around October 2025. He notes that after each halving event, the profitability period lasts for approximately 80 weeks before entering a bear market. Based on this pattern, he advises investors to exit the market fully by October 2025.
Bitcoin’s Current Price
As of now, Bitcoin is trading at $45,026, representing a more than 4% increase in the last 24 hours.
Hot Take: Bitcoin’s Potential Parabolic Rise
According to crypto analyst Kevin Svenson, Bitcoin is poised for a parabolic rise following the halving event in April. Based on historical cycles and price action, Svenson predicts that Bitcoin could surpass $100,000 by December. He advises investors to closely monitor market movements and consider exiting the market fully by October 2025 when a bear market is likely to emerge. With Bitcoin currently trading at $45,026, the cryptocurrency market continues to experience positive momentum.
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