Coin-Turk 14 minutes ago
8
Bitcoin analyst and trader Kevin Svenson expresses his belief that Bitcoin (BTC ($104,734.59)) 
$104,375 will exceed the $100,000 mark. Despite the negative atmosphere surrounding the cryptocurrency market, Svenson asserts that Bitcoin possesses substantial upward potential.
Bitcoin Halving and Cyclical Performance
Svenson believes that Bitcoin is currently in the middle of its halving cycle and describes this period as “truly exciting.” According to him, Bitcoin’s price chart typically rises about 40 weeks after a halving event.
Historical Data and Future Predictions
By examining past halving events, Svenson notes that after the 2020 halving, Bitcoin entered a major upward trend approximately 40 weeks later and subsequently entered a downward trend around 80 weeks after that.
“We see…
License.Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Crypto Deals | Short Urls
Design By New Web | ScriptNet
