Bitcoin Primed To Hit a Much Higher Price Faster Than People Expect, Says Kevin Svenson – Here’s His Target

Cryptocurrency analyst and dealer Kevin Svenson is leaning bullishly on Bitcoin (BTC) amid a market upturn.

In a brand new video, Svenson tells In accordance with its 82,000 YouTube subscribers, Bitcoin is poised to interrupt above a descending trendline after weeks of sideways worth motion.

“I believe we’re in for one thing comparable, the place the market will transfer a lot sooner than individuals count on. It should go away individuals within the mud and it’ll ship us to a a lot increased worth level. A full continuation of the parabolic pattern, giving us one other progress spurt to a brand new excessive earlier than maybe seeing some form of sideways formation.”

In accordance with Svenson, Bitcoin is presently in a parabolic pattern. The crypto analyst says the following massive worth goal for Bitcoin after it breaks above the present all-time excessive is a minimum of $124,000.

“This pattern line is now turning into fairly steep. So if the value of Bitcoin continues the parabola on this trajectory and we attain one thing like $124,000, possibly $130,000 after which commerce sideways alongside the parabolic trendline, I count on a giant downturn after that, settling in the summertime after which transferring to the following worth will run. a brand new all-time excessive above $140,000 for the top of the 12 months.”

Bitcoin is buying and selling at $99,170 on the time of writing, about 8% under its all-time excessive of about $108,200 reached on December 17, 2024.

The crypto king is up about 10% since its 2025 low of about $89,800 earlier this week.

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