Bitcoin on a Confirmed Breakout After Hitting New All-Time High, Says Analyst Kevin Svenson – Here’s His Outlook

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<a href="https://jpyxx.com/btc-usd/">Bitcoin</a> on a Confirmed Breakout After Hitting New All-Time High, Says Analyst Kevin Svenson – Here’s His Outlook

According to a seasoned cryptocurrency expert, Bitcoin’s (BTC) recent surge to a fresh record peak serves as confirmation of its breakthrough.

During a recent discussion on his YouTube channel, Kevin Svenson – a well-known crypto trader – predicts that the leading cryptocurrency by market cap will keep ascending throughout this week, potentially reaching a price of $115,000 or more based on its latest surge.

The end of our current run might extend to either May 23rd or May 24th, and it’s possible we could reach $115,000 during that time. This three-day period is similar to our previous trend. I don’t find anything unusual about this scenario. When a record high is surpassed, there’s often a significant amount of energy and rapid price movement. Therefore, hitting Bitcoin at $115,000 by May 23rd or May 24th wouldn’t be unexpected anymore.

Nevertheless, Svenson advises traders to be mindful that his forecast doesn’t ensure a decline in the flagship digital asset at $115,000, as he believes it may surge to $124,000 by July instead.

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Despite his warning, Svenson doesn’t want traders to interpret his prediction as a certainty that the flagship digital asset will plummet at $115,000; rather, he thinks it could reach $124,000 by July.

Although I’ve mentioned a potential pause at $115,000, it doesn’t necessarily mean our upward trajectory would end there. Instead, we could experience some volatility or consolidation, and then continue to rise, aiming for my projected parabolic trend of $124,000 by the time July arrives.

Bitcoin is trading for $111,322 at time of writing, a 2.1% increase during the last 24 hours.

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2025-05-22 23:34