Bitcoin, Possible to reach $150,000 within a few months”…Signs of parabolic rise starting

The forecast that Bitcoin could enter a structural upward trend and reach $140,000 to $150,000 within a few months has emerged. Cryptocurrency analyst Kevin Svenson recently stated on a YouTube broadcast, “Bitcoin is currently forming a Parabolic upward trend, which seems to be the start of a medium- to long-term rally rather than a short-term rebound.”

He noted, “Every time the S&P500 has hit an all-time high in the past, Bitcoin has shown a similar upward trend.” He supported the possibility of further BTC gains by pointing out that the S&P500 hit another all-time high this week.

Currently, BTC continues its upward trend without selling pressure even after breaking its all-time high, and technical indicators suggest that conditions are in place for the long-term trend to steepen further. Svenson added that if this trend continues, “BTC is likely to reach the $140,000 to $150,000 range within the next few months.”

This analysis points to Bitcoin heading for another peak, driven by a combination of macroeconomic and technical signals beyond short-term price fluctuations.