According to renowned analyst and trader Kevin Svenson, Bitcoin (BTC) is at a key stage in its long-term growth trend. Svenson claims that Bitcoin is entering a so-called “vertical phase,” a period when the price rises almost vertically and the market begins to respond to a growing wave of optimism.
Vertical growth phase
In his analysis, Svenson points out that the technical target remains around $135,000, which represents an important resistance zone in the long term. However, he expects the actual peak to be higher – somewhere between $140,000 and $150,000. He cites $142,500 as a benchmark, noting that the market may exceed this threshold or, conversely, stop just below it. According to him, the key factor is that Bitcoin is still holding above the main trend line from a technical perspective and showing signs of accelerating momentum, which has often led to sharp growth in the past.
The analyst also points out that previous significant growth waves usually took place over a short period of time, mostly within five weeks. A similar situation occurred, for example, at the beginning of 2024, when Bitcoin rose by tens of percent in a short period of time. If history repeats itself, we can expect that this time, too, the main phase of growth will take place within a relatively narrow time window. Based on his calculations, Svenson estimates that the price of Bitcoin could reach around $135,800 during this period, which would give a new boost to the entire cryptocurrency market.
On the threshold of a new high
According to Svenson, Bitcoin is at a key point in its parabolic trend, which could determine the further development of the entire market. If his projection comes true, Bitcoin could reach new historical highs within a few weeks and open up room for further growth not only for BTC but also for other major cryptocurrencies. This scenario is also supported by growing trading volumes and positive sentiment returning to the market after months of consolidation.
Whether the peak of the growth movement stops at $135,000 or even $150,000, one thing remains certain—the market is entering a phase where the pace of growth could become truly vertical. As the team of analysts at BITmarkets adds, this phase is extremely interesting for investors, but at the same time requires prudence and risk management, as sharp growth is often followed by short-term corrections. For long-term investors, however, this may be one of the most important moments in the current cryptocurrency cycle.
