{"id":138039,"date":"2024-09-27T16:00:09","date_gmt":"2024-09-27T13:00:09","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=138039"},"modified":"2024-09-27T13:34:36","modified_gmt":"2024-09-27T10:34:36","slug":"analyst-predicts-bitcoin-to-break-all-time-highs-by-year-end-despite-possible-dip","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/analyst-predicts-bitcoin-to-break-all-time-highs-by-year-end-despite-possible-dip\/","title":{"rendered":"Analyst Predicts Bitcoin to Break All-Time Highs by Year-End Despite Possible Dip"},"content":{"rendered":"
Svenson remains optimistic, noting that Bitcoin is still in a long-term upward trend and may surpass its previous record of roughly $74,000.<\/p>\n
Svenson expressed his confidence, stating that he expects Bitcoin<\/a><\/strong> to break its current record later this year, likely by Q4. However, he also cautioned that some short-term pullbacks might occur before that.<\/p>\n He pointed out that Bitcoin could retest the $58,000 level before pushing higher, with the relative strength index (RSI) potentially bouncing from support before moving into overbought territory. According to Svenson, while these short-term dips are possible, they don\u2019t change his long-term bullish outlook.<\/p>\n