A closely followed crypto strategist says a major shift in trend could be underway for Bitcoin (BTC).
In a new video, crypto analyst Kevin Svenson tells his 120,000 Twitter followers that a bullish macro shift is happening now for Bitcoin.
“We are now breaking the largest falling wedge in Bitcoin’s history. It stems back from 2021 to 2022 to 2023… We are starting to break out. We’ve got to, of course, get some daily and weekly closes above this trendline, but this could be a major paradigm shift for the price of Bitcoin. And really, the most interesting part about this is if you take the falling wedge measurement for the target and you bring it over to the breakout zone, it exceeds $50,000.