{"id":213225,"date":"2023-12-15T13:55:43","date_gmt":"2023-12-15T08:25:43","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=213225"},"modified":"2023-12-15T13:55:43","modified_gmt":"2023-12-15T08:25:43","slug":"crypto-analyst-says-bitcoin-about-to-really-take-off-as-bears-flip-bullish-heres-the-timeline-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-analyst-says-bitcoin-about-to-really-take-off-as-bears-flip-bullish-heres-the-timeline-crypto-news\/","title":{"rendered":"Crypto Analyst Says Bitcoin About To \u2018Really Take Off\u2019 As Bears Flip Bullish \u2013 Here\u2019s the Timeline &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Analyst and trader Kevin Svenson is expressing bullish sentiment on Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\/\">BTC<\/a>) amid the flagship crypto asset\u2019s modest recovery from near the $40,000 level that was reached earlier this week.<\/p>\n<p>Svenson <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=veH_kgn3fYM\">tells<\/a> his 71,100 YouTube subscribers that Bitcoin is signaling a potential bullish confirmation on the ascending broadening wedges pattern it has formed on the four-hour chart.<\/p>\n<p><i>\u201cThe point that we just bounced off of here [around $40,300] is really starting to look like our confirmation bounce\u2026<\/i><\/p>\n<p><em>W<\/em><i>e\u2019re probably at the end of this [ascending broadening wedges] pattern. We\u2019ve gotten this bounce, we have so much positive news, the stock market\u2019s up, people are starting to get optimistic again. And the bearish thesis is pretty much being completely crushed. <\/i><\/p>\n<p><i>So, the part of the market, the market participants that have been holding on to their bearish bias for dear life are now going to have to start to flip and they\u2019re going to have to start to buy at higher levels. And this is going to provide extra support, extra momentum as you can no longer deny what the narrative is now. So, all the silent people are going to probably start to pile in. And that\u2019s going to send us up.\u201d<\/i><\/p>\n<figure id=\"attachment_269137\" aria-describedby=\"caption-attachment-269137\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-269137\" class=\"wp-caption-text\">Source: Kevin Svenson\/ YouTube<\/figcaption><\/figure>\n<p>On when Bitcoin could witness a significant price rally, Svenson says,<\/p>\n<p><i>\u201cMost likely guys, moving into Christmas or the New Year, we would probably start to see Bitcoin really take off. And we should be good to go from the bullish side of things.\u201d<\/i><\/p>\n<p>Bitcoin is trading at $43,166 at time of writing, up by around 5% over the past 24 hours.<\/p>\n<p><iframe loading=\"lazy\" title=\"#BITCOIN | THE BEST CASE SCENARIO IS HAPPENING?!?\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/veH_kgn3fYM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"color: #ffffff\">I<\/span><\/p>\n<p><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">Twitter<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/>\n<em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p><a rel=\"nofollow noopener\" target=\"_blank\" class=\"maxbutton-4 maxbutton maxbutton-check-out-the-latest-headlines-bigger\" href=\"https:\/\/dailyhodl.com\/news\/\"><span class=\"mb-text\">Check Latest News Headlines<\/span><\/a><\/p>\n<p>&amp;nbsp<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\" \/><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Analyst and trader Kevin Svenson is expressing bullish sentiment on Bitcoin (BTC) amid the flagship crypto asset\u2019s modest recovery from near the $40,000 level that was reached earlier this week. Svenson tells his 71,100 YouTube subscribers that Bitcoin is signaling a potential bullish confirmation on the ascending broadening wedges pattern it has formed on the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":213226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-213225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/213225","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=213225"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/213225\/revisions"}],"predecessor-version":[{"id":213228,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/213225\/revisions\/213228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/213226"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=213225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=213225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=213225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}