Close Menu
Cryprovideos
    What's Hot

    Circle Inventory Climbs: CRCL Quadruples IPO Value as Bitcoin Regains – Decrypt

    June 7, 2025

    Bitcoin DeFi platform Alex Protocol loses $8.3M to take advantage of

    June 7, 2025

    The Grumpy Otter Revolution How DALPY Coin is Constructing a Pre-Launch Empire on Solana

    June 7, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Bitcoin»Crypto Analyst Kevin Svenson Says Bitcoin at a Decisive ‘Shut Name’ Second, Unveils Potential Path Ahead – The Day by day Hodl
    Crypto Analyst Kevin Svenson Says Bitcoin at a Decisive ‘Shut Name’ Second, Unveils Potential Path Ahead – The Day by day Hodl
    Bitcoin

    Crypto Analyst Kevin Svenson Says Bitcoin at a Decisive ‘Shut Name’ Second, Unveils Potential Path Ahead – The Day by day Hodl

    By Crypto EditorMarch 14, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Analyst Kevin Svenson is providing his outlook on Bitcoin (BTC) because the flagship crypto asset hovers round 24% beneath the all-time excessive.

    In a brand new technique session, Svenson tells his 82,800 YouTube subscribers that Bitcoin is at a crucial juncture that might decide the crypto king’s value route over the approaching weeks and months.

    Based on Svenson, Bitcoin is sitting simply above a parabolic development that began in early 2023 and the following transfer the flagship digital asset makes can be decisive.

    “…we’re at the moment simply above it [parabolic trend line]. But it surely’s getting a reasonably shut name right here. Bitcoin can’t spend an excessive amount of time going sideways. And it can also’t spend actually any time on the weekly [time frame] taking place, with out breaking the parabolic development.

    So that is just about the final leg – it’s both going to carry right here and begin to development upward or it’s going to finish up turning into one thing else. Possibly a sideways low.”

    Crypto Analyst Kevin Svenson Says Bitcoin at a Decisive ‘Shut Name’ Second, Unveils Potential Path Ahead – The Day by day Hodl
    Supply: Kevin Svenson/ YouTube

    Svenson says that if Bitcoin turns decrease as a substitute of going greater, it may plunge to ranges final recorded in November.

    “The opposite possibility is that we simply break down and go into, perhaps the excessive $60,000s.

    Proper now, there are indicators pointing to the concept that we might enter a stage the place the market is in a lull, the place we truly type of simply chop sideways for some time exit, this parabolic development and go right into a extra of an accumulation zone.”

    Supply: Kevin Svenson/ YouTube

    Bitcoin is buying and selling at $82,900 at time of writing.

    The analyst says that if the bulls prevail, Bitcoin has extra upside potential primarily based on the weekly Relative Power Index (RSI), a momentum oscillator used to find out overbought and oversold ranges.

    “If Bitcoin performs out a bullish state of affairs, whether or not we go up sooner or accumulate for longer, and we run as much as a brand new excessive a brand new all-time excessive, it’s seemingly that the weekly RSI would truly be at a decrease excessive. Mainly testing the overbought zone earlier than pulling again.

    And it’s doable that that might be the cycle excessive. So I do see that Bitcoin may check the overbought ranges on the weekly, which implies there’s various upside to play out earlier than the market will get completely overheated.”

    Supply: Kevin Svenson/ YouTube

    ?

     

    Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

    Verify Value Motion

    Comply with us on X, Fb and Telegram

    Surf The Day by day Hodl Combine

    &nbsp

    Disclaimer: Opinions expressed at The Day by day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual threat, and any losses it’s possible you’ll incur are your duty. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in affiliate marketing online.

    Generated Picture: Midjourney





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Circle Inventory Climbs: CRCL Quadruples IPO Value as Bitcoin Regains – Decrypt

    June 7, 2025

    Bitcoin DeFi platform Alex Protocol loses $8.3M to take advantage of

    June 7, 2025

    Russia Hits Pause on Increasing Crypto Mining Restrictions

    June 7, 2025

    Prime 6 Bitcoin Cloud Mining Platforms in 2025 – Trusted, Newbie-Pleasant & Excessive Incomes Potential

    June 7, 2025
    Latest Posts

    Circle Inventory Climbs: CRCL Quadruples IPO Value as Bitcoin Regains – Decrypt

    June 7, 2025

    Bitcoin DeFi platform Alex Protocol loses $8.3M to take advantage of

    June 7, 2025

    Prime 6 Bitcoin Cloud Mining Platforms in 2025 – Trusted, Newbie-Pleasant & Excessive Incomes Potential

    June 7, 2025

    Bitcoin Indicator Exhibits Rising Divergence Between Whales And Retail – Particulars | Bitcoinist.com

    June 7, 2025

    Bitcoin at Danger of Deeper Pullback as Momentum Stalls, Analyst Says

    June 7, 2025

    Bitcoin Repeating 2024 Rally? Analysts Eye ‘Actual Breakout’ To $120,000

    June 7, 2025

    Extensively Adopted Analyst Outlines Bullish Path for Bitcoin, Says BTC Will Battle Gold and ‘By no means Look Again’ – The Day by day Hodl

    June 7, 2025

    Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin

    June 7, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    New institutional DeFi platform Sentora launches by way of IntoTheBlock, Trident merger

    May 6, 2025

    $MELANIA Worth Falls as Buyers Flip to Greatest Pockets ICO – Greatest Crypto Pockets?

    March 25, 2025

    SEC Commissioner predicts early enhancements for crypto ETFs below new management

    December 20, 2024

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.