Cryptocurrency analyst Kevin Swanson suggests that Bitcoin will enter a major parabolic expansion phase in the next couple of months.
Kevin Svenson told his YouTube channel subscribers that he expects Bitcoin's bullish trend to continue in the near future. According to Swenson, Bitcoin will inevitably test new all-time highs, even if a correction occurs in the short to medium term.
Swenson pointed out to the audience that the price trajectory of BTC rarely follows a linear path, and the volatility inherent in the digital asset market includes periods of sideways consolidation before any significant changes.
The crypto expert suggests that there are approximately ten months left until the peak of the parabolic expansion is reached. Now the first cryptocurrency is trading at $51,800. Over the past 24 hours, the market value of BTC has decreased by 0.6%. On the weekly timeframe, the asset grew by about 11%.
According to the analytical portal CoinMarketCap, on Thursday, February 15, the market capitalization of Bitcoin exceeded $1 trillion – this is the highest figure in the last two years.
Source: Cryptocurrency
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