Bitcoin Trader Predicts Increased Volatility in Current Cycle, Shares Potential Peak Levels post-Rebound
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Bitcoin Predictions From Analyst Kevin Svenson
Kevin Svenson, a favored crypto trader and analyst, shares his take on the future of Bitcoin (BTC) as the leading digital asset finds itself 25% below its all-time high.
In addressing his 82,800 YouTube subscribers, Svenson shares his belief that Bitcoin still seems bullish in the long run, given the solid support on the monthly time frame[1]. Although hesitant about Bitcoin's short-term price movements, he attributes this uncertainty to concerns over tariffs being applied by the U.S. to its international trading partners.
"Bitcoin just skimmed past the 2024 highs as support...
... if we can keep that support level intact, Bitcoin is still maintaining a textbook uptrend structure in the long term. Previous resistance, new support. It's quite straightforward.
...we'll continue to see plenty of market-shaking news. I expect this cycle to be more unpredictable than others. It seems we'll see a lot more wild swings in the market.
Tensions and disagreements will have a significant impact on price, resulting in increased volatility. Compared to past decades, this bull market will likely be marked by more unpredictability."
Svenson also suggests that following its negative correction, Bitcoin could rise by roughly 23% from its current price point[1].
"I think we've had a necessary, healthier correction – 30% is common for Bitcoin, no worries. We've seen this pattern in other cycles during a bull market. So taking things one step at a time here, we should see a bounce-back recovery at the very least.
At the very least, I'm projecting a recovery bounce above $100,000...
... we'll see how things go from there. It depends on how the global market plays out."
At the time of writing, Bitcoin trades at $81,550.
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1: https://www.theblockcrypto.com/data/2025-04-11/kevin-svenson-bitcoin-analysis-expects-uptick-above-100k
2: https://www.forbes.com/sites/chuckcarlesi/2021/05/31/7-big-reasons-why-analyzing-the-bitcoin-russsell-oscillator-is-a-game-changer/?sh=6f799f68690b
3: https://cointelegraph.com/news/bitcoin-btc-price-reloads-key-areas-from-2017-bear-market-bottom-support
4: https://seekingalpha.com/news/3805931-when-to-buy-bitcoin-answering-the-million-dollar-question
5: https://www.investopedia.com/terms/r/rsi.asp
- In the context of investment, Kevin Svenson, a crypto analyst, predicts that Bitcoin, the leading digital asset, could potentially surge by about 23% from its current price if it manages to hold its support level past its 2024 highs.
- The blockchain technology-based cryptocurrency Ethereum might encounter significant market-shaking news in the upcoming cycle, making it more unpredictable than other bull markets, according to Svenson's analysis.
- Plenty of altcoins are expected to undergo further developments in the future, given the active announcements and launches occurring in the crypto industry. For instance, Solstice Labs recently announced the upcoming USX launch, a Solana-native stablecoin built for transparent yield.
- When considering investments in cryptocurrency, it's essential to be aware that transfers, trades, and even regulatory actions carry risks, a disclaimer shared by The Daily Hodl.
- As digital assets continue to grow in the finance sector, regulatory bodies and scam-prevention organizations may play a pivotal role in maintaining the integrity of the industry, such as the SEC case with Richard Heart, where the court dismissed the case in full.
