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Bitcoin Close to the ‘Really Exciting Part’ of the Cycle, Says Analyst Kevin Svenson – Here Are His Targets

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Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) as the flagship crypto asset hovers above the $100,000 price.

Svenson tells his 82,300 YouTube subscribers that Bitcoin possesses more upside potential despite the bearish sentiment in the crypto market which he attributes to the severe price correction witnessed on some altcoins over the recent past.

“So needless to say, Bitcoin’s doing extremely well despite the sentiment that you guys may have been feeling or seeing across the market.

…we do have room to move up in this cycle it clearly didn’t just begin and it’s also not coming to an end. We’re in the middle and we’re near the really exciting part.”

The analyst says that based on history, the “really exciting part” of the cycle for Bitcoin starts 40 weeks after the halving. The fourth halving event occurred on April 19th of 2024 and it’s nearly 41 weeks since.

“Forty weeks after the 2012 halving, things got really bullish and then the bear market begins 80 weeks after the 2012 halving.

Move over to 2016 halving – 40 weeks later things got really bullish, bear market begins 80 weeks after the 2016 halving.

Go over here to 2020 halving, things were already really bullish until the 40th week in the last cycle although the altcoin cycle began at the 40th week, Bitcoin sort of went sideways but altcoins got most bullish at this point. And then 80 weeks later the bear market begins. Just like the other cycles.”

Source: Kevin Svenson/YouTube

According to Svenson, the price of Bitcoin could rise by up to 35% from the current level.

“I think that we’re going to get probably another major parabolic swing to a much higher target before this parabolic trend actually ends. So I’m very bullish $124,000, $134,000, $142,000… these prices seem very possible to me.”

Bitcoin is trading at $105,023 at time of writing.

 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Bitcoin Is About To Begin Outperforming Gold, Says InvestAnswers – Here’s His Timeline

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A widely followed crypto analyst and trader is forecasting that Bitcoin (BTC) will start outperforming gold.

In a new video update, the host of InvestAnswers tells his 565,000 YouTube subscribers that the top crypto asset by market cap should outpace gold over the coming months, as he says the precious metal looks overextended following its parabolic rally to $3,500.

“If you look at the steady correlation between Bitcoin and Nasdaq, it is extremely tight because Bitcoin is considered a risk asset, [while] gold is considered a risk-off asset. But here, if you look at the Bitcoin/gold correlation, it fluctuates very heavily. Half the time, not correlated; half the time, it is correlated.

So there’s no signal of direct correlation and Bitcoin has already had a great post-halving, and in fact, we had hit a new all-time high before the halving, which has never happened before with Bitcoin. But its correlation with gold remains low.

Now, if I look at this chart and just like a caveman would, what do I interpret? I expect the correlation to increase with gold as the broader dynamics of the market will shift as well. I also believe gold is overbought, so I see gold mean-reverting and I see Bitcoin going up versus gold over the next six months.”

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Source: The Rational Root/X

InvestAnswers says a summarized interpretation of his analysis would be that the flagship digital asset is lagging behind gold and will start to outpace the precious metal during the next six months.

BTC is trading for $93,870 at time of writing, a fractional decrease during the last 24 hours while gold is valued at $3,283 per ounce, a marginal decrease on the day.

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Here’s How Bitcoin Could Boost Demand for US Treasuries, According to Macro Guru Luke Gromen

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Veteran macro investor Luke Gromen says he likes Bitcoin (BTC) due to its potential to influence demand for US Treasuries.

In a new video update, the founder of the macroeconomic research firm Forest for the Trees (FFTT) says the Trump administration is in a position to boost demand for US bonds after the president signed an executive order creating a Strategic Bitcoin Reserve.

A Bitcoin bull market typically increases demand for dollar-pegged crypto assets, and according to Gromen, could ultimately drive demand for US Treasuries.

“Note that the Trump administration is still talking about putting T-bills (Treasury bills) into stablecoins, using stablecoins as a means to drive demand for T-bills. And obviously, they’ve talked about the Strategic Bitcoin Reserve.

Left unsaid in all of that is that the higher the Bitcoin price, the more stablecoin demand, the more T-bill demand there is…

I think the underlying theme of [the] US government desperately needs balance sheet and stablecoins and therefore Bitcoin can help the US government find balance sheet. I think that is absolutely still in play.

It’s one of the reasons why we still like Bitcoin over the intermediate longer term.”

Stablecoin issuers such as Tether and Circle predominantly rely on Treasury bills to back their coins on a 1:1 basis. As of December 2024, Tether has invested over $94.47 billion in T-bills to back USDT. Meanwhile, Circle owns $22.047 billion worth of T-bills as of February of this year to back USDC.

Additionally, two stablecoin bills that are progressing through Congress, the STABLE Act of 2025 and the GENIUS Act of 2025, require issuers to invest in T-bills and other real-world assets to back their coins.

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Monero’s XMR Rockets 40% as XRP Leads Crypto Majors Gains

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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.





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