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Bitcoin (BTC) Price Above $105K: Analyst Predicts 35% Upside Potential in Current Cycle Blockonomi 15 hours ago

Bitcoin (BTC) Price Above $105K: Analyst Predicts 35% Upside Potential in Current Cycle 📈

Kevin Svenson Bitcoin

Bitcoin is currently trading above the $100,000 mark, reflecting a strong performance in the face of broader market bearish sentiment. Analyst Kevin Svenson anticipates the "exciting part" of the cycle is beginning, around 40 weeks following the anticipated April 2024 halving.

Drawing on historical patterns from halvings in 2012, 2016, and 2020, Svenson suggests a bullish phase typically occurs approximately 40 weeks after each halving event. Price targets for Bitcoin have been identified at $124,000, $134,000, and $142,000, indicating a potential 35% upside.

Source: blockonomi.com ↗

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