Kevin Svenson is one of the prominent commentators in crypto money markets, leading digital asset Bitcoin 
$117,784.11He shared his analysis that he was preparing for an important rise movement. According to Svenson, Bitcoin is currently trading at a very close to the highest level of all time, and the possibility of a new wave of rise is remarkable.
S&P 500 and Bitcoin relationship
The S&P 500 index recently broke a record by reaching 6,333 points. Svenson argues that such summits create a positive environment for Bitcoin. According to him, the rise in traditional markets can encourage investors in the crypto currency market to reach new summits.
Kevin Svenson said: “Bitcoin is now ready to experience the next big paraboolic rise. S&P 500 While going to new records, this stability and rise air allows Bitcoin to act similarly. Investors rely on a new summit.”
New targets and possible scenarios
According to the scenario proposed by the analyst, the first important target may be $ 120,500 after exceeding the current record of Bitcoin, which is the current record of $ 111,814. Stating that a short -term withdrawal may be experienced after this stage, Svenson says that a new paraboolic rise can begin.
Kevin Svenson: “When we examine the parabolic trend diagram in the weekly graph, the ground seems ready for the next big rise. In the longer term, Bitcoin is envisaged as a book of progressing between 140,000 and $ 150,000. This movement can take a few months or more.”
According to the current data, Bitcoin is traded for $ 110,936 and is very little below the record of $ 111,814 in May. Another point that analysts draw attention is that such movements can develop over time and short -term fluctuations can be observed.
Since high volatility and sudden price changes in crypto currency markets are frequently experienced, experts recommend be careful before investing. Market observers say that Bitcoin may have to re -evaluate the positions of investors if a record breaks.
Observer underlines that the targets set for Bitcoin depend on market conditions and general economic appearance. The mobility of Bitcoin’s price is also considered closely related to the developments in traditional financial markets.
Analysis of crypto currency markets usually involves uncertainty and emphasizes that all investment decisions should be taken carefully. Experts in the market say that price targets are an estimated and that predictions may not always be realized in variable market conditions.
In the future, Bitcoin’s price movements can affect many elements such as developments in the main indices, global economic situation and investor trust. For this reason, experts care about investors closely follow up -to -date developments and possible risks.
The crypto money market continues to be closely monitored by market actors whether Bitcoin will sign new records in the coming period. Expert comments indicate that Bitcoin can show movements connected to the main financial indices such as S&P 500, while investors should take into account the market risk.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
