ChainCatcher news, according to Daily Hodl, cryptocurrency analyst and trader Kevin Svenson states that Bitcoin (BTC) is in a 'very strong bull market' and is about to enter a sharp upward phase, with 'the next round of rebound possibly rising 30%, reaching $140,000 to $150,000.'
Svenson mentioned on his YouTube channel to his 83,700 subscribers that Bitcoin could appreciate about 30% from current levels in the upcoming rise. He made this prediction based on the staircase pattern of a parabolic curve, which indicates that Bitcoin is at the peak stage of its upward trend.
Svenson believes that the increase in global liquidity (M2) could extend Bitcoin's bull market into the fourth quarter.
