Cryptocurrency analyst Kevin Svenson, Bitcoin 
$67,537He predicts that although (BTC) is currently trading below $70,000, it could reach an all-time high before the end of the year. In his last video addressing 80,100 YouTube subscribers, Svenson pointed out that the Bitcoin price will enter an upward trend in the coming months due to the influence of various factors.
Bullish Prospects and the Role of US Elections
Kevin Svenson stated that Bitcoin could reach a new peak at the end of the year, and said that events such as the US presidential elections created an optimistic atmosphere in the crypto market. The analyst pointed out that the positive price movements observed in previous election periods may be repeated this year. According to Svenson, Bitcoin generally appears to follow a positive trend during US elections and inauguration periods:
“Every time [Bitcoin] When we break the all-time record, it’s after the US election and inauguration. We are now 12-13% away from a new record high and the elections are approaching. “It will most likely break a new record,” he said.
Trend Change Signal in Bitcoin
Svenson pointed out that if Bitcoin closes October at its current levels, $66,000 or above, the market will return to an uptrend after a long period of sideways movement. “This may indicate that the trend has changed and the sideways market has ended,” Svenson said. “It’s bullish, in a good way,” he added.
Bitcoin is currently trading at around $67,745, about 8% below the $73,800 it reached in March. According to Svenson, the current stable course is not a factor that will prevent Bitcoin from continuing its rise.
Investors follow market movements closely, keeping in mind Kevin Svenson’s analysis. Especially with the approach of the US presidential elections, the expectation that Bitcoin may gain upward momentum is noteworthy. Signals that a potential trend change may occur in the Bitcoin market may create significant opportunities for investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
