Crypto Analyst Kevin Svenson Predicts Bitcoin to Climb Higher Based on Positive Indicator
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📈 Bullish on Bitcoin 📈Analyst Kevin Svenson is betting big on Bitcoin, and he's got solid evidence to back it up. With the MACD indicator flipping bullish on both weekly and 4-hour timeframes, the bears are losing momentum. The iconic crypto asset is current attempting to break through an ascending triangle pattern on the 4-hour chart, which, if successful, could catapult Bitcoin prices up to a whopping $99k, according to Svenson's analysis.
If things go according to plan, we might expect Bitcoin to build a range between $90k and $100k before continuing on its bullish path. At the moment, Svenson is as bullish as an angry badger, and with good reason – the U.S. stock market is on the rise, and a bullish stocks market is typically bullish for crypto.
Bitcoin trading price hovered around $95k at the time of writing, but don't be surprised if it goes even higher. So, if you're holding onto your BTC, cheer up – it looks like things are looking up for our beloved crypto king.
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But remember, this is investment advice for the birds. Always do your own research before investing in anything crypto-related, and never bet the farm on a single coin.
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- In the crypto world, Ethereum isn't the only player shine - altcoins such as Pepeto and FLOKI are also making waves, with Pepeto set to launch on an exchange following a successful presale and platform milestones.
- The bullish trend in finance isn't limited to traditional stocks - it's also sloping towards cryptocurrency, with Bitcoin setting up for a break of all-time highs as capital flows into BTC ramp up.
- The crypto landscape is expanding, with platforms like BC.GAME launching Phase 2 of their social mining campaign and aZen securing a seed round to build DePIN for a ubiquitous AI.
- With the MACD indicator flipping bullish on both weekly and 4-hour timeframes, Bitcoin is attempting to break through an ascending triangle pattern on the 4-hour chart, potentially reaching a price of $99k. However, it's essential to remember the disclaimer - always do your own research before investing in cryptocurrency, and never bet the farm on a single coin.
