Here’s What Could Trigger a Bitcoin Bull Run
23.08.2024 17:00 1min. read Alexander Stefanov
Crypto analyst Kevin Svenson believes two key factors could drive Bitcoin (BTC) toward new highs.
In a recent update, Svenson explained that both the stock market’s performance and the increase in global liquidity are setting the stage for a potential Bitcoin rally.
He highlighted the S&P 500’s unexpected rebound, now nearing its all-time high, as a sign of broader market recovery.
Additionally, with global money supply on the rise and expectations of interest rate cuts, Svenson sees favorable conditions for Bitcoin’s growth.
Svenson also pointed out that Bitcoin’s current price movement aligns with previous cycles, suggesting that the cryptocurrency is on track to reach new all-time highs.
Despite market volatility, he remains optimistic about Bitcoin’s trajectory.
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1
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2
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