{"id":357876,"date":"2024-09-28T12:57:34","date_gmt":"2024-09-28T07:27:34","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=357876"},"modified":"2024-09-28T12:57:34","modified_gmt":"2024-09-28T07:27:34","slug":"upcoming-quarter-looking-solid-for-bitcoin-and-altcoins-says-analyst-kevin-svenson-heres-his-outlook-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/upcoming-quarter-looking-solid-for-bitcoin-and-altcoins-says-analyst-kevin-svenson-heres-his-outlook-crypto-news\/","title":{"rendered":"Upcoming Quarter Looking Solid for Bitcoin and Altcoins, Says Analyst Kevin Svenson \u2013 Here\u2019s His Outlook &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Cryptocurrency analyst Kevin Svenson believes Bitcoin (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/bitcoin\">BTC<\/a>) and altcoins will witness big upside bursts for the rest of the year.<\/p>\n<p>In a new video, Svenson <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=cfUhVPXlmSQ\">tells<\/a> his 79,800 YouTube subscribers that Bitcoin and altcoins are poised for more gains over the coming weeks and months.<\/p>\n<p>According to Svenson, the altcoin market cap appears to be repeating a pattern witnessed in the last cycle, when it took 157 weeks before igniting a massive breakout rally.<\/p>\n<p><em>\u201cThe altcoin market cap has been consolidating for the entire year. In the beginning of 2024, the altcoins had a huge run into March, gave up all of their gains and now have started to recover. The altcoin market cap is beginning to break above resistance\u2026<\/em><\/p>\n<p><em>Around 10 weeks from now, we\u2019re going to be breaking the lower high [total altcoin market cap of $820 billion], which means a lot of altcoins have tremendous growth coming from now into November. So Q4 is looking solid for the altcoins and for Bitcoin for that matter.\u201d<\/em><\/p>\n<figure id=\"attachment_303486\" aria-describedby=\"caption-attachment-303486\" style=\"width: 1182px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-303486\" class=\"wp-caption-text\">Source: Kevin Svenson\/YouTube<\/figcaption><\/figure>\n<p>The altcoin market cap (TOTAL3) is trading at $641 billion at time of writing.<\/p>\n<p>Looking at Bitcoin, Svenson believes BTC is on the verge of reaching a new all-time high after the S&amp;P 500 index hit a record high earlier this week.<\/p>\n<p><em>\u201cS&amp;P all-time highs always precede Bitcoin all-time highs. There\u2019s never been a new Bitcoin all-time high without the S&amp;P doing it first. So it\u2019s looking good guys, I mean everything seems to be lining up\u2026<\/em><\/p>\n<p><em>Like I keep saying, we are much closer to the all-time high than most people think. From current prices to the wick high of the all-time high [at around $73,800], that\u2019s less than 14% away.\u201d<\/em><\/p>\n<figure id=\"attachment_303487\" aria-describedby=\"caption-attachment-303487\" style=\"width: 1045px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-303487 size-full\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2024\/09\/KS-BTC-0927.png\" alt=\"\" width=\"1045\" height=\"716\" \/><figcaption id=\"caption-attachment-303487\" class=\"wp-caption-text\">Source: Kevin Svenson\/YouTube<\/figcaption><\/figure>\n<p>Bitcoin is trading at $65,590 at time of writing.<\/p>\n<p><iframe loading=\"lazy\" title=\"#BITCOIN IS MAKING ITS MOVE ... $Alts Breaking Out!\" width=\"740\" height=\"416\" src=\"https:\/\/www.youtube.com\/embed\/cfUhVPXlmSQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>\u00a0<\/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 \/><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 \/><em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">X<\/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 \/><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>&amp;nbsp<br \/>\n<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 losses 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><em><span style=\"font-size: 10pt\">Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) and altcoins will witness big upside bursts for the rest of the year. In a new video, Svenson tells his 79,800 YouTube subscribers that Bitcoin and altcoins are poised for more gains over the coming weeks and months. According to Svenson, the altcoin market cap appears to be [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":357881,"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-357876","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\/357876","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=357876"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/357876\/revisions"}],"predecessor-version":[{"id":357883,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/357876\/revisions\/357883"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/357881"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=357876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=357876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=357876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}