Analyst and trader Kevin Svenson believes Bitcoin (BTC) will print new all-time highs in 2025 as a key trend remains intact.
In a new strategy session, Svenson tells his 81,800 YouTube subscribers that Bitcoin’s parabolic trend indicates the flagship crypto asset may surge to at least $124,000 before June, correct for a few months, then have one final explosive move in late 2025.
“The Bitcoin parabolic trend [on the weekly chart] is in strong health. It’s very healthy. Look at it. The weekly’s going back to the green. It looks like a nice hammer candle is being printed right here… hammer candle before a major uptrend continuation…
Bitcoin is elevated heavily off the parabolic trendline, which means that, in theory, Bitcoin could dip even further if it wanted to, and it would still be an exponential higher low within a parabolic trend. Not saying it’s going to. My bias is bullish, and there’s not really anything wrong with the trend at all.”
Source: Kevin Svenson/YouTube
According to the analyst, Bitcoin appears to be in base four of the parabolic curve pattern, putting BTC in a position to witness massive gains in a steep upward move.
“And in theory, Bitcoin is right now creating base four of the parabolic trend…
This parabola is beautiful, and you see base one, base two, base three. Now that’s base four. It’s possible that we could dip a little lower. Doesn’t really matter, as long as we’re getting an exponential higher low. Well, that would be the creation of base four. It could be this low. Could be, I don’t see why not. This is the creation of base four, which means that our sell point is coming up on the next target.”
Source: Kevin Svenson/YouTube
Lastly, Svenson predicts Bitcoin will reach a cycle peak of approximately $160,000 in about ten months.
“From base three, the price doubles, which is roughly $124,000, meaning that this parabolic trend would look to run up to about $124,000, maybe slightly higher, before breaking the parabolic trend and settling up through the summer before an end of year run at the 80th week in October, and then the bear market begins.”
Source: Kevin Svenson/YouTube
Bitcoin is trading for $96,569 at time of writing, up 2.2% in the last 24 hours.
Generated Image: Midjourney
