Analyst: Bitcoin is about to enter a strong bull market, with the next rebound possibly rising to $150,000

ChainCatcher news, according to Daily Hodl, cryptocurrency analyst and trader Kevin Svenson stated that Bitcoin (BTC) is in a "very strong bull market" and is about to enter a phase of sharp increase, with "the next round of rebound potentially rising by 30%, reaching $140,000 to $150,000."

Svenson mentioned to his 83,700 subscribers on his YouTube channel that Bitcoin could appreciate by about 30% from current levels in the upcoming surge. He made this prediction based on the step-like shape of the parabolic curve, which indicates that Bitcoin is at the peak stage of its upward trend.

Svenson believes that the increase in global liquidity (M2) could sustain Bitcoin's bull market into the fourth quarter.