Benzinga

7M
...

Crypto Analyst Foresees Bitcoin Breaking $70,000 Barrier Soon, But Only If This Happens

As the crypto market continues to evolve, prominent crypto analyst Kevin Svenson shared an optimistic outlook for Bitcoin BTC/USD.

What Happened: Svenson believes a significant price surge is on the horizon, potentially reaching a staggering $70,000.

In a YouTube video this week, Svenson pointed out that a pivotal resistance level, once converted into a support base, could trigger a massive uptick in Bitcoin’s price. This could result in an approximate 130% increase from its current standing. 

Svenson said he also anticipates a spike in Bitcoin’s volatility once the $32,000 resistance is transformed into a support level.

“Ultimately, once we do get above that $32,000 on that resistance…

Read more on Benzinga

13.1K Reads