According to Svenson’s analysis, Bitcoin may surge to $90,000 in the next couple of months if it continues to follow its past trends. He noted that historically, September has been a challenging month for both Bitcoin and the stock market, suggesting a possible retracement. However, Svenson remained optimistic, suggesting that a potential decline in September could be followed by a robust recovery in October. This could result in a period of consolidation followed by a new upward trend heading into the new year.
