Here’s How Bitcoin (BTC) Could Generate a ‘True’ Bottom, According to Analyst Kevin Svenson

Here’s How Bitcoin (BTC) Could Generate a ‘True’ Bottom, According to Analyst Kevin Svenson


A closely tracked crypto strategist is mapping out how Bitcoin could carve a bear market bottom this year as BTC trades below $20,000.

In a strategy session, Kevin Svenson tells his 69,000 YouTube subscribers that he sees Bitcoin bottoming out around the $17,000 to $18,000 level before igniting a relief rally to above $30,000.

“The weekly RSI [relative strength index] would end up printing a bullish divergence, a higher low, before breaking out while Bitcoin forms a lower low and then puts in the true bottom. Lower lows on price, higher lows on [RSI] are higher levels of relative strength…

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I think Bitcoin could range in the sub-$20,000 for a very brief period to put the market into maximum fear to get the weak

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