In a universe not so far away, an analyst—who apparently has a crystal ball made of Bitcoin—has declared that BTC is about to embark on a journey so steep, it might just require oxygen masks. Yes, folks, hold onto your wallets because the next few months are predicted to be “really epic.” 🎢
In a riveting new video that has captivated the attention of 83,200 YouTube enthusiasts (and probably a few cats), trader Kevin Svenson has proclaimed that Bitcoin is in the final stages of a parabolic trend that began in 2023. Yes, that’s right, 2023—the year when we all thought we’d be flying cars and living on Mars. 🚀
According to Svenson, once Bitcoin manages to kick down its final resistance door at around $110,000, it could ignite a fresh leg up. And by “ignite,” he means it might just explode like a poorly made firework on the Fourth of July. 💥
“It’s going to be a really epic next few months if we do get this breakout, because we are still following the parabolic trend to this day,” he confidently states, as if he’s just discovered the secret to eternal youth.
But wait, there’s more! Svenson believes that this breakout will trigger a “blow-off top” for Bitcoin, where BTC will experience a period of rapid price increases before collapsing like a house of cards in a windstorm. 🎴
“The next phase is the vertical phase, where you go into a potential blow-off top. A parabola is simply just an exponential trend and it gets steeper and steeper. And because of that, by definition, the parabolic trend it’s unsustainable…” he explains, sounding like a mathematician who just discovered that numbers can be fun.
“It’s a trade-off: it gets really, really bullish, and because of that, it’s unsustainable. Eventually, the trend just gives out just like Bitcoin in 2017, 2021. Eventually, the trend will shift back…” he muses, probably while sipping a cup of coffee brewed from the tears of investors.
“But this next push could be until October,” he adds, as if he’s predicting the weather instead of the fate of a digital currency.
Looking at the trader’s chart, he seems to predict that BTC will soar to $135,000 in the coming months. At the time of writing, Bitcoin is worth $110,085, which is just a number until it isn’t. 📈
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2025-06-11 10:21