In a recent YouTube broadcast, crypto analyst Kevin Svenson noted that Bitcoin (BTC) is forming a parabolic trend, raising the likelihood of resuming an upward trend, according to The Daily Hodl. Sven...

In a recent YouTube broadcast, crypto analyst Kevin Svenson noted that Bitcoin (BTC) is forming a parabolic trend, raising the likelihood of resuming an upward trend, according to The Daily Hodl. Svenson highlighted that when the S&P 500 index sets a new all-time high, BTC typically tends to follow suit. The current rally appears to be the start of a structural uptrend that could last for months, rather than a short-term bounce, the analyst stated. 

Combining BTC's current weekly chart and the parabolic trend diagram, Svenson points to the potential for BTC to enter the zone ranging from $140,000 to $150,000 in the coming months.

Analyst says BTC could hit $150K within months

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Technology has made speculation more widespread, with social media spreading every story of overnight wealth, luring the masses into a massive, losing gamble like moths drawn to a flame.