According to analyst Kevin Svenson, cusp's bitcoin enters the vertical stage of the parabolic rally

Cryptocurrency analyst and trader Kevin Svenson says Bitcoin (BTC) is in a “very strong bull market” and is preparing to enter the marked phase of a sudden rally.

In a new strategy session, Svenson tells 83,700 YouTube subscribers that Bitcoin can thank them at about 30% from its current level during the upcoming rallies.

Traders make predictions based on the stepwise formation of the parabolic curve, suggesting that BTC is in the blow-off top phase of the rally.

“Bitcoin weekly charts are about to enter the vertical stage of parabolic trends, and the classic parabolic diagram that has been going on for years on this channel is now unfolding to its fullest.

Source: Kevin Svenson/X.

According to Svenson, the increase in global liquidity (M2) could be seen as Bitcoin bull market running through the fourth quarter. Global M2 refers to the total amount in the global financial system.

“…Bitcoin and M2 are generally almost astoundingly arranged. When offsetting the global liquidity index, there is a very similar tendency that cannot even convey the difference between the two.

And looking at this with the current trends in Bitcoin, we see that M2 is likely to be very bullishly raising the trend until October of November.

(The) M2 Global Lipitivity Index says the October to November range is rising much higher. We see that there is a considerable revision to the M2 Global Liquidity Index, presented in January. This is a big point. Maybe a top or correction will be made. ”