Analyst Predicts Bitcoin To Soar By 83%, But There's One Major Catch: 'We're Going To Get That Continuation As Long As ...'
Analyst Predicts Bitcoin To Soar By 83%, But There's One Major Catch: 'We're Going To Get That Continuation As Long As ...'
"Bitcoin is sitting in another sideways range after the impulse up. Our first impulse up move [from January to May of 2023] was roughly 50%. After the next breakout zone, the next impulse up [from September to December of 2023], the next price was 57% to the next local top. From the next breakout [from January to March of 2024], the next top zone was 60%," Svenson said.Cryptocurrency analyst Kevin Svenson has predicted a potential 83% surge for Bitcoin (CRYPTO: BTC) but noted that this is contingent upon the stability of the stock market.
數字貨幣分析師凱文·斯文森預測比特幣（加密貨幣：BTC）可能會出現83%的潛在漲幅，但他指出，這要取決於股票市場的穩定性。
Svenson suggested that the digital currency is on the verge of a significant increase.
斯文森認爲數字貨幣即將迎來重要上漲。
In a video on YouTube posted this week, he asserted that Bitcoin is within a bullish structure that began in early 2023 and could potentially rise by 72% to 83% from its current standing.
他在這周發佈的YouTube視頻中表示，比特幣已進入看好結構，該結構始於2023年初，當前價格可能會上漲72%至83%。
"Bitcoin is sitting in another sideways range after the impulse up. Our first impulse up move [from January to May of 2023] was roughly 50%. After the next breakout zone, the next impulse up [from September to December of 2023], the next price was 57% to the next local top. From the next breakout [from January to March of 2024], the next top zone was 60%," Svenson said.
“比特幣又一次處於橫盤行情之中。我們的第一波上漲（從2023年1月至5月）約爲50%。在下一個突破區間之後，下一波上漲（從2023年9月至12月）的價格上漲了57%到下一個本地高點。從下一個突破（從2024年1月至3月）之後，下一波高點區間爲60%，”斯文森說。
Also Read: Anthony Scaramucci Says Crypto Will Soar If This Presidential Candidate Wins The Election: 'I Think We'll See All-Time Highs For Bitcoin And Other Assets'
此外還需要一位前高盛高管 Anthony Scaramucci 的預測，他表示，如果某位總統候選人贏得選舉，加密貨幣將會飆升，比特幣和其他資產將會見歷史新高。
He further added, "If we get continuation, the next impulse up, if it's going to be anything like those numbers that I just said, the next impulse up 50% will land us at $110,000. And if you go to 60%, that's $117,000."
他補充道：“如果我們獲得延續，下一波上漲，如果它的漲幅有那樣的數字，下一波上漲50%將使我們的價格達到11萬美元。如果你上漲幅度爲60%，那將是11.7萬美元。”
However, Svenson warned that Bitcoin's upward trajectory is reliant on the stability of the stock market.
不過，斯文森警告說，比特幣的上升軌跡取決於股票市場的穩定性。
"I think we're going to get that continuation if you ask me as long as the stock market remains somewhat stable," he said.
“我認爲只要股票市場保持相對穩定，我們將獲得這種延續。”他說。
Svenson's forecast is significant as it highlights the potential for a substantial increase in Bitcoin's value. However, it also underscores the interdependence between cryptocurrency and traditional financial markets.
斯文森的預測非常重要，因爲它凸顯了比特幣價值大幅增長的潛力。然而，它也強調了加密貨幣和傳統金融市場之間的相互依存關係。
The caveat Svenson provided, that Bitcoin's growth is dependent on the stability of the stock market, points to the interconnected nature of these financial systems.
斯文森提供的警告，即比特幣的增長取決於股票市場的穩定性，指向了這些金融體系之間相互關聯的本質。
This connection could potentially influence the decisions of investors who are considering entering the cryptocurrency market.
這種聯繫可能會對考慮進入加密貨幣市場的投資者的決策產生影響。
At the time of reporting, Bitcoin was trading at $66,683.22, up by 14 percent in the last seven days.
在報告時，比特幣的交易價格爲66,683.22美元，過去七天上漲了14%。
Now Read: Bitcoin To Hit $1 Million In Next 10 To 18 Months, Says Crypto Analyst: 'We're Still So Early In The Bitcoin Story'
現在閱讀：加密貨幣分析師稱比特幣未來10到18個月將漲至100萬美元：“我們仍處於比特幣故事的早期階段”
Photo: Shutterstock
Photo: shutterstock
