Bitcoin on Cusp of Moving Higher Amid Bullish Signal, Says Crypto Analyst Kevin Svenson – Here Are His Targets
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid the flagship crypto asset rising by over 15% over the past month.
Svenson tells his 82,800 YouTube subscribers that, based on the Moving Average Convergence Divergence (MACD) indicator, a tool used to identify changes in market trends and sentiment, Bitcoin bears have begun losing momentum on the weekly time frame.
The crypto trader and analyst further says that Bitcoin is “shaping up with an ascending triangle” on the four-hour time frame. An ascending triangle pattern is a bullish formation that’s confirmed when the price breaches the upper horizontal trend line, accompanied by rising volume.
Svenson says he’s setting a six-figure price target…
