Bitcoin Primed for the Next Major Parabolic Advance, Says Crypto Analyst Kevin Svenson – Here Are His Targets
Analyst and trader Kevin Svenson believes Bitcoin (BTC) is primed to go higher as the flagship crypto asset sits just a few basis points below the all-time high.
Svenson tells his 83,400 YouTube subscribers that whenever the S&P 500 index hits a new all-time high, Bitcoin tends to follow suit.
The S&P 500 index reached a record high of 6,333 points earlier this week.
“Bitcoin is now ready to play out the next major parabolic advance, the next phase of the parabolic trend…
…And if the S&P is stable or trending into new all-time highs, then that will allow Bitcoin to also do the same. It gives speculators confidence to speculate into a new all-time high for Bitcoin.”
After breaking out above the current all-time high of…
