Crypto analyst Kevin Svenson maintains a positive outlook on Bitcoin (BTC ($103,970.25)) 
$104,208, as it fluctuates slightly below its all-time high reached this week.
Bitcoin’s Parabolic Trend and Bullish Expectations
In his latest market assessment, Svenson notes that Bitcoin is within a parabolic trend, suggesting significant upward potential before any corrections occur.
“This parabolic trend is beginning to steepen in larger time frames… For now, the trend is our friend. I believe it will continue to rise for a longer period, and Bitcoin will take another significant upward step on this trajectory.”
Svenson estimates that Bitcoin could climb approximately 19% to 34% from its current level, possibly before the completion of the parabolic trend that began earlier in 2023.
“The next sell point for this movement is expected to occur between approximately $124,000 and $140,000, before a significant correction or break in the parabolic trend.”
Future Projections for Bitcoin
Svenson foresees that if BTC’s…
