Bitcoin Headed for Major Correction Before Continuing Bull Run, Analyst Warns

Analyst Kevin Svenson warns Bitcoin could see a major correction after hitting a new all-time high around $84,000.

He believes new FOMO buyers will enter the market and drive up prices.

Then Bitcoin could drop back below the previous all-time high around $54,500.

This would "shake out" the new FOMO buyers.

After that, Svenson expects Bitcoin will resume its major bull run cycle into 2025.