Famous Analyst Did Not Lose Hope From Bitcoin: Gave Date for 160 Thousand Dollars! - Coin Bulletin

Kevin Svenson said that Bitcoin could reach a peak of $160,000 in 2025 in line with the parabolic trend of Bitcoin.

Famous analyst and trader Kevin Svenson suggests that Bitcoin's (BTC) parabolic trend continues and could reach new record levels within 2025.

Svenson, in his YouTube channel, stated that Bitcoin could reach at least $124,000 by June 2025 in this trend and then make a larger jump by the end of the year after a correction.

Svenson pointed out that Bitcoin is following a strong parabolic trend on weekly charts, indicating that this trend is still progressing healthily.

Bitcoin's parabolic trend looks quite strong. There is a green 'hammer candle' formation on the weekly charts according to the trend line. This could be a typical signal before a major upward movement.

The analyst emphasized that Bitcoin is currently forming the fourth step of the parabolic trend, leaving room for significant gains for the cryptocurrency.

Svenson, "In theory, Bitcoin forms the fourth stage of a parabolic trend. A drop to lower levels can occur, but this does not disrupt the overall health of the trend. This stage of the parabolic curve indicates the determination of the next target for Bitcoin," he said.

Approaching the $160,000 Dollar Summit Possibility

According to Kevin Svenson, the price of Bitcoin could reach $124,000 in the summer months of this year and then enter a correction process. However, the analyst predicted that a peak close to $160,000 could be seen, especially in October, towards the end of the year.

Svenson said, "It is expected that the price will double from the third step in the parabolic trend. This indicates approximately 124,000 dollars. However, a peak above this level may form in October, followed by a bear market."