"Bitcoin will reach the target"

Cryptocurrency analyst Kevin Svenson made striking statements about Bitcoin (BTC), which has recently gained significant momentum.

Amid the positive developments in the global markets, Bitcoin continued to rise and approached a potential breakthrough. BTC, which managed to hold on to $66,800, identified as an important support level by analysts, reached $68,200 within the day.

Crypto expert Kevin Svenson predicted that BTC has gained strong momentum and will continue to rise. The analyst stated that the outlook formed on the price chart is pushing BTC towards a bullish momentum.

Svenson noted that the Relative Strength Index (RSI), an important metric, gave a bullish signal on the weekly chart.

Expectations are that Bitcoin price will break records

Kevin Svenson, who indicates that the Bitcoin price has entered a rising momentum, maintained his optimism despite the significant fluctuations last week. Svenson stated that the appearance in the BTC price chart indicates a potential breakthrough.

According to the analyst, the weekly RSI, which historically leads to strong upward trends, is approaching a positive breakout. If this breakout occurs, the BTC price could record a significant increase.

Svenson stated that BTC has entered a growth period that could last from six months to a year. The analyst predicted that the leading cryptocurrency will continue its rise until March 2025.

Svenson, who stated that BTC will reach the target, recommended closely monitoring the current market outlook.

An analyst who thinks BTC can exceed its all-time high price level reported that a strong weekly candle is required. The analyst emphasized that cycles can change quickly in the crypto market, and advised investors to be cautious.

This article does not contain investment advice or recommendations. Every investment and trading activity involves risks, and readers should conduct their own research when making decisions.