{"id":133316,"date":"2024-07-17T17:00:51","date_gmt":"2024-07-17T14:00:51","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133316"},"modified":"2024-07-17T12:21:19","modified_gmt":"2024-07-17T09:21:19","slug":"bitcoin-set-for-third-parabolic-surge-in-current-cycle-analyst-suggests","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-set-for-third-parabolic-surge-in-current-cycle-analyst-suggests\/","title":{"rendered":"Bitcoin Set for Third Parabolic Surge in Current Cycle, Analyst Suggests"},"content":{"rendered":"<p>Svenson pointed out that in 2017, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> experienced several phases of parabolic growth, where each shorter-term surge was followed by a consolidation before launching into a larger upward trend. He suggests that the current market conditions in 2024 resemble those preceding Bitcoin\u2019s significant vertical rallies in the past.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">My <a href=\"https:\/\/twitter.com\/hashtag\/BITCOIN?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BITCOIN<\/a> Prediction<br>\n= Higher than you thought possible<\/p>\n<p>\u270d\ufe0f The peak price target is not displayed on this chart. I\u2019m simply showing the expected structure. <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$BTC<\/a> \ud83d\udd17<a href=\"https:\/\/t.co\/QWfMfxCqiW\" rel=\"nofollow\">https:\/\/t.co\/QWfMfxCqiW<\/a> <a href=\"https:\/\/t.co\/f29ovFn9f6\" rel=\"nofollow\">pic.twitter.com\/f29ovFn9f6<\/a><\/p>\n<p>\u2014 Kevin Svenson (@KevinSvenson_) <a href=\"https:\/\/twitter.com\/KevinSvenson_\/status\/1812686440288993601?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 15, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Svenson emphasized that the key factors driving this potential parabolic move include a renewed sense of optimism among investors and a resurgence in market momentum.<\/p>\n<p>According to him, Bitcoin\u2019s technical indicators, such as the relative strength index (RSI) and the moving average convergence divergence (MACD), support this bullish outlook.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-133293\" href=\"\" title=\"\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\"><\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>The RSI, a momentum indicator, has shown strong support levels similar to those observed before previous parabolic phases.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/?attachment_id=133317\" rel=\"attachment wp-att-133317\"><img decoding=\"async\" class=\"alignnone size-full wp-image-133317\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-16-45.png\" alt=\"\" width=\"2710\" height=\"1452\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-16-45.png 2710w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-16-45-300x161.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-16-45-1024x549.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-16-45-768x411.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-16-45-1536x823.png 1536w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-16-45-2048x1097.png 2048w\" sizes=\"(max-width: 2710px) 100vw, 2710px\"><\/a><\/p>\n<p>Meanwhile, the MACD, a trend indicator, indicates a shift from bearish to bullish momentum, signaling a potential acceleration in Bitcoin\u2019s price movement.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/?attachment_id=133318\" rel=\"attachment wp-att-133318\"><img decoding=\"async\" class=\"alignnone size-full wp-image-133318\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-17-01.png\" alt=\"\" width=\"2710\" height=\"1452\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-17-01.png 2710w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-17-01-300x161.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-17-01-1024x549.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-17-01-768x411.png 768w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-17-01-1536x823.png 1536w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/07\/BTCUSD_2024-07-17_12-17-01-2048x1097.png 2048w\" sizes=\"(max-width: 2710px) 100vw, 2710px\"><\/a><\/p>\n<p>Svenson\u2019s analysis suggests that if Bitcoin can maintain its current trajectory and overcome key resistance levels, it could pave the way for another significant uptrend similar to those seen during previous market cycles.<\/p>\n<p>This prediction has sparked interest among cryptocurrency enthusiasts and investors who closely follow Bitcoin\u2019s price movements as an indicator of broader market sentiment and potential future trends in the digital asset space.<\/p>\n<p><iframe title=\"MAJOR SHIFT \ud83d\udcc8 FOR #BITCOIN'S TREND **HAPPENING NOW!**\" src=\"https:\/\/www.youtube.com\/embed\/N3ZP50AnGmQ\" width=\"100%\" height=\"464\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A noted crypto strategist, Kevin Svenson, has highlighted Bitcoin (BTC) as potentially entering its third parabolic phase within the current market cycle, drawing comparisons to its historical performance in 2017.<\/p>\n","protected":false},"author":3,"featured_media":30194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,384,108],"coin_category":[],"class_list":["post-133316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-optimism","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Set for Third Parabolic Surge in Current Cycle, Analyst Suggests<\/title>\n<meta name=\"description\" content=\"A noted crypto strategist, Kevin Svenson, has highlighted Bitcoin (BTC) as potentially entering its third parabolic phase within the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-set-for-third-parabolic-surge-in-current-cycle-analyst-suggests\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Set for Third Parabolic Surge in Current Cycle, Analyst Suggests\" \/>\n<meta property=\"og:description\" content=\"A noted crypto strategist, Kevin Svenson, has highlighted Bitcoin (BTC) as potentially entering its third parabolic phase within the...\" \/>\n<meta property=\"og:site_name\" content=\"CryptoDnes EN\" \/>\n<meta property=\"article:published_time\" 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