Bitcoin Analyst Predicts New Highs Amid Market Stagnation: ‘We Are Right On Track, Right On Schedule’
Posted On October 27, 2024
Bitcoin’s (CRYPTO: BTC) price trajectory has been a topic of keen interest, and now, after King Crypto’s sideways movement over the past few weeks, an analyst believes that it is headed for a new all-time high.
What Happened: Analyst Kevin Svenson forecasts a potential surge to new all-time highs. He suggests that the apex crypto is poised for a significant breakout, drawing on historical patterns to support his prediction.
Svenson thinks that Bitcoin could soon enter a highly explosive phase of its market cycle.
He highlights that after Bitcoin’s first halving in 2012, it took around 41 months to surpass the previous all-time high. Similarly, following the second halving in 2016, it took about 36 months.
Bitcoin is currently 35 months …
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