Posted 3/23/2024, 7:04:59 AM
Bitcoin Braces for Volatility as Analyst Predicts Surge to $90K and 40% Correction
- Bitcoin analyst Kevin Svenson forecasts Bitcoin hitting $90,000 soon, which will lead to increased volatility
- Svenson says Bitcoin has confirmed the fourth stage of a parabolic curve pattern, setting it up for a final price surge
- At $90,000, Svenson expects a 40% correction, with Bitcoin potentially falling to the $50,000s
- After consolidating, Svenson expects Bitcoin to then surge into six figures in a "classic 2017 break down of the parabolic trend"
- Svenson warns that if the recent dip from $73,000 scared you, "you're not ready for what's coming next" with much bigger price swings