Dearest readers, it seems our beloved Bitcoin (BTC) is not just basking in the glow of a robust bull market but is poised to pirouette into a phase of dizzying ascension. Or so claims the ever-charming Kevin Svenson, a cryptocurrency analyst and trader who, one suspects, has a penchant for dramatic flair.
In a recent tête-à-tête with his 83,700 adoring YouTube followers, Svenson suggests that Bitcoin might just ascend another 30% from its current perch. Oh, what a climb! 🌟
Svenson’s forecast is rooted in the parabolic curve step-like formation, a pattern that, he assures us, indicates BTC is in the final throes of its rally. In other words, the grand finale is upon us, and it promises to be spectacular!
“The weekly chart of Bitcoin is on the brink of entering the vertical stage of the parabolic trend. The classic parabolic diagram, which we have diligently followed for years on this channel, is now unfolding to its utmost potential. This next leg up may very well propel us to the dizzy heights of $140,000 to $150,000, according to the textbook diagram.”
Svenson, always the astute observer, notes that the rise in global liquidity (M2) could keep the Bitcoin bull market prancing along until the fourth quarter. For those not versed in the arcane arts of finance, M2 is the total amount of money swirling around the world’s financial system-quite the whirlwind, wouldn’t you say?
“Bitcoin and the M2, dear friends, align to an almost stupefying degree. When you adjust the global liquidity index, their trends are so similar that one might mistake them for twins…
And if we cast our gaze upon the current trend for Bitcoin… you will observe that the M2 is indicating a bullish trajectory all the way through October and November.
The M2 global liquidity index portends further gains all the way into October and November… A significant correction in the M2 global liquidity index is expected in October, leading into November, which could mark a pivotal moment. Perhaps a peak or a correction will unfold there.”
At the time of writing, Bitcoin is trading at a rather fetching $116,600. Quite the sum, don’t you think? 💸
Read More
- Gold Rate Forecast
- 📢 BrownDust2 X BiliBili World 2025 Special Coupon!
- Battlefield 6 will reportedly be released in October 2025
- How Bhutan Turned Water into Bitcoin Gold 🌍💸
- 10 Things You Didn’t Know About Franklin Richards, Marvel’s Most Overpowered Character
- Why Tesla Stock Plummeted 21.3% in the First Half of 2025 — and What Comes Next
- Genshin Impact 5.8 release date, events, and features announced
- Andrew Hill Investment Advisors Loads Up on 25,219 NVDA Shares in Q2 2025
- Prediction: This Will Be Palantir’s Stock Price in 3 Years
- Honkai: Star Rail – Saber build and ascension guide
2025-08-09 14:36