Bitcoin Could Surge 30% to $150K by November, Analyst Kevin Svenson Says
Bitcoin is entering its most aggressive growth phase yet. Kevin Svenson, a cryptocurrency trader and strategist with over 83,000...
Quick overview
- Bitcoin is entering a significant growth phase, with potential to reach $140,000 to $150,000 by year-end, according to trader Kevin Svenson.
- Svenson's bullish outlook is supported by the correlation between Bitcoin's price and the global liquidity index (M2 money supply).
- He predicts upward momentum in Bitcoin until late 2025, followed by a possible correction when M2 declines.
- Current technical and macro indicators suggest a historically bullish setup for Bitcoin, with a final big move anticipated this cycle.
Bitcoin is entering its most aggressive growth phase yet. Kevin Svenson, a cryptocurrency trader and strategist with over 83,000 YouTube followers, says the world’s largest digital asset could go up to 30% from here and reach $140,000 to $150,000 by the end of the year.
Svenson’s forecast is based on the weekly chart, which is following a parabolic curve. “We’re now in the vertical stage of the parabolic trend,” he said, meaning we’re in the blow-off top phase – a period of rapid and steep price increases.
Global Liquidity Driving the Momentum
Svenson points to the global liquidity index, or M2 money supply, as the key driver behind the bullish outlook. M2 tracks the total amount of money in the global financial system and historically has mirrored Bitcoin’s price.
“When you overlay Bitcoin and global M2, the correlation is crazy,” Svenson said. The current liquidity cycle suggests we’ll see more upward momentum until at least October or November 2025 and then a top or correction.
Key points Svenson highlights:
- M2 and Bitcoin have near identical long term trends.
- Global liquidity will rise into late 2025.
- Correction may occur when M2 downturns in Q4 2025.
Bitcoin Price Path to $150K
If Svenson’s parabolic projection plays out, Bitcoin will blow past all-time highs in months. His target range of $140,000 to $150,000 is 30% from here, driven by institutional interest, ETF inflows and macro liquidity trends.
But Svenson warns the Q4 liquidity decline could be the inflection point. “October to November may be where we see a top or major correction,” he said. “Watch price action and liquidity closely.”
For now, Bitcoin’s setup is historically bullish, technical and macro indicators are pointing to one final big move in this cycle. If liquidity expands as expected, Svenson’s targets may be within reach by the end of the year.
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