According to Svenson’s forecast, Bitcoin has the potential to surge to $90,000 in the next two months if it continues to follow its typical trends. He noted that historically, September has been a challenging month for both Bitcoin and the stock market, possibly resulting in a decline. However, despite this potential setback, the positive analyst emphasized that a substantial drop in September might be succeeded by a robust recovery in October. This could result in a period of consolidation followed by a renewed upward trend heading into the upcoming year.
