Bitcoin To Explode 65% – New Price Prediction Is Around The Corner

It’s been just revealed that Bitcoin could explode by 65%, and this could trigger an altcoin season as well. Check out the latest reports about this below.

At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $29.086.

There are some new juicy prediciotns out, and they are really optimistic.

It’s been just revealed the fact that the popular crypto analyst and trader Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC) over the coming weeks.

Svenson said recently that Bitcoin could go parabolic if it repeats a similar pattern seen months before the last halvening.

According to the popular crypto analyst and trader, Bitcoin could surge by over 65% from the current level.

“Bitcoin is now creating a higher low right along our parabolic curve which could create the next major impulse up towards $48,000…”

He continued and said this:

“That means that Bitcoin in theory has another 65% from here to the next target of $48,000. That is a 65% move, that is a tremendous opportunity if it does in fact play out…”

According to Svenson, altcoins could start rallying if and after Bitcoin has broken out to just under $50,000, in line with Bitcoin’s behavior months before the previous halvening. Bitcoin’s next halvening is scheduled for early 2024.

“If Bitcoin dominance does break out on this next run, if we run towards $48,000, this is where I think the altcoins will begin to see major moves after that run. And this is the same thing that occurred in 2019…”

He also said this:

“What I’m looking for here is for Bitcoin dominance to see one final blow-off top before getting some sort of trend down, and then alt season could begin at that point.”

Stay tuned for more news from the crypto space, and make sure to check out the market as well.