Crypto analyst Kevin Svenson has made a prediction on the value of Bitcoin (BTC) in future price swings and analyzed it in a newly created video. The core of his argument is historical price movements, the role of Bitcoin halving cycles, and global liquidity flows. Svenson suggests price targets in the $124,000 and $142,500 range for Bitcoin.
Historical Context: Every Correction Has Been Profitable
Svenson points out that the biggest Bitcoin price drops in history have all resulted in favorable buying opportunities. He further claims that this is also the case with this current pullback, which is now back in profit.
"Bulls always prevail in the end," Svenson said, emphasizing Bitcoin's parabolic rise. Even if there are temporary setbacks, Bitcoin is still trading in an unbroken parabolic pattern of higher lows, providing a strong foundation for future price increases.
The Role of Bitcoin Halving Cycles
But according to Park's analysis, it is central to the question of the impact of Bitcoin halving cycles on the market. He then pointed to the "Bitcoin Halving Cycle Profit Indicator" on TradingView. This metric shows that historically, the best times to exit at current market levels are roughly in a range of 40 to 80 weeks after the halving.
40th Week After Halving: This is the start of a major price increase, both for Bitcoin and the altcoin market. Svenson believes that the market is now close to this inflection point and therefore an imminent price increase is in the offing.
80th Week After Halving: Historically, this week has invariably signaled the start of a bear market. Svenson further predicts that the 80th week of the current cycle (i.e. fall 2025) could be a turning point.
Global liquidity and Bitcoin prices
Svenson also pointed out the relationship with the other assets (global liquidity) and the Bitcoin markets. He noted a strong correlation between the Bitcoin bull and bear market cycles and global liquidity trends.
Historically, when an 80-week halving reduces global liquidity worldwide, it is a very obvious sign of the end of a bull market and the beginning of a bear market. Svenson further predicts that this trend will also occur in the current cycle.
Price Targets: $124,000 and $142,500
Svenson continues to stick to his price entry points that he first reported in 2023:
First Target: $124,000
"Point of potential finality" is the term he uses for it as part of the ongoing parabolic uptrend. After reaching this point, Svenson expects a significant correction.
Second Target: $142,500
After a likely recession, Bitcoin could be forced into one final bull market run to stay at this level before the market recession hits in October 2025.
Altcoin Market and Bitcoin Dominance
Aside from Bitcoin, Svenson also looked at the altcoin market and Bitcoin skew. He noted that altcoins have historically performed exceptionally well starting at the 40th week after a halving. Ethereum, Monero, Chainlink, Binance Coin (BNB) and Cardano etc. gained significantly during the same period last year.
On the other hand, Bitcoin dominance is gradually decreasing from week 40, giving altcoins room to maneuver. Svenson also predicts that this generalization will hold for the current cycle as well.
Conclusion: The trend remains bullish