Crypto analyst Kevin Svenson expects Bitcoin to enter a sharp upward move in the coming months. In a recent update, Svenson told that BTC remains locked in a parabolic trend that began in 2023.
He believes the final barrier lies just above $110,000. A breakout from that level could send Bitcoin into a vertical surge.
“This could be an epic few months,” Svenson said, citing the continuation of the parabolic trend. According to him, BTC appears poised for a “blow-off top” — a rapid and unsustainable price spike.
He explained that parabolic moves grow increasingly steep before reversing. Similar phases occurred during Bitcoin’s 2017 and 2021 bull cycles.
Svenson’s chart shows Bitcoin possibly climbing as high as $135,000 before the rally cools. He warns the move could end abruptly, but suggests the bullish phase may extend into October before momentum fades.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-could-hit-135000-in-vertical-rally-says-analyst/