Bitcoin Coming Up on Steepest Part of Parabolic Rally to New All-Time High, Says Analyst – Here Are

The Daily Hodl

Bitcoin Coming Up on Steepest Part of Parabolic Rally to New All-Time High, Says Analyst – Here Are His Targets
Henry Kanapi February 26, 2024

A closely followed analyst believes that Bitcoin (BTC) is rapidly approaching a point in its parabolic uptrend where the value of the crypto king can skyrocket in a relatively short amount of time.

In a new video, crypto strategist Kevin Svenson tells his 72,500 YouTube subscribers that Bitcoin is following a textbook parabolic curve pattern.


According to the analyst, Bitcoin appears to be in base three of the pattern, putting BTC in a position to witness massive gains in a steep upward move.

“I think this is as clear as day we are currently coming up on the steeper portion of the parabolic trend which is where base three is in the diagram when it gets really steep.

Here we are now, guys. It’s getting pretty steep. What’s going to happen next? How high are we going to go?

The textbook suggests that after base three, you get a double in price: $45,00 times two is the target of the parabola. $90,000 would be the target, according to the textbook.”


Source: Kevin Svenson/X
Based on the textbook’s diagram, an asset trading at base three of a parabolic uptrend could double in price “in a very short time.”

The analyst also notes that Bitcoin tends to witness bull markets when global liquidity, or the amount of money sloshing around in the world financial system, is on the rise. According to the analyst, Bitcoin is currently rising despite falling global liquidity levels, suggesting that BTC could go a lot higher than crowd expectations if liquidity starts to pick up.

“In these past cycles, Bitcoin is trending up alongside the global liquidity. Now we’re trending up against the liquidity cycle.

So if the liquidity cycle turns around in our favor, that’s sort of a double whammy. Bitcoin’s diverging away from the global liquidity in a positive manner, we have the ETF (exchange-traded fund) approval, the halving is coming up. There are a lot of really good things here for Bitcoin and crypto, so I’m keeping my mind open to the idea that the unexpected is always likely in this market.

The estimated peak value I have is $142,500.”

At time of writing, Bitcoin is worth $51,429.





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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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$15,000 Ethereum Price Incoming, Predicts Hedge Fund Veteran Mark Yusko – Here’s the Timeline
Mark Emem February 24, 2024

The CEO and founder of Morgan Creek Capital Mark Yusko believes that Ethereum (ETH) could appreciate to a five-figure price.

Yusko says in a new Altcoin Daily interview that based on the Ethereum versus Bitcoin ratio (ETH/BTC), ETH could go up by 410% from its present level in a scenario where Bitcoin ends up hitting the $150,000 mark.


“I probably have no reason to go against what has existed for a long time which is the ratio between Bitcoin and Ethereum. It used to be almost exactly 10-to-1. So if Bitcoin was $20,000, Ethereum would be $2,000…

So let’s say Bitcoin gets to $150,000 like I think it will. And let’s say we don’t go all the way back to [a Bitcoin-to-Ethereum ratio of] 10-to-1 but we go to… Let’s say it’s 1.5. So that’s [an Ethereum price of] $10,000.

I think there are a lot of people that have that number in their brain. And a lot of people say, ‘Well that’s not enough.’

Let’s say it gets all the way back to 10-to-1. Then that would be [an Ethereum price of] $15,000. So, comfortably somewhere between $10,000 and $15,000.”

Ethereum is trading at $2,921 at time of writing.

On Ethereum’s expected price performance relative to that of Bitcoin (BTC), the hedge fund veteran says,

“I could see a bigger rally in Ethereum than Bitcoin. And that’s kind of what you would expect in the pump part, in the final meteoric parabolic move. Ethereum has historically outperformed Bitcoin and it probably should again.”

Bitcoin is trading at $51,904 at time of writing.




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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Titima Ongkantong/VECTORY_NT


Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

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Altcoins • Futuremash • Financeflux •
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HodlX • Press Releases



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