Bitcoin has been experiencing a downward trend recently, dropping from its 2023 all-time high of about $49,000 to below $41,000 at the time of writing. Despite this significant price correction, popular crypto analyst Kevin Svenson has predicted a new all-time high for BTC in the months after the 2024 Bitcoin halving. Bitcoin Anticipated To Hit New All-Time High Svenson released a YouTube video last week, predicting that BTC’S new all-time high is set for June 2024. Despite the hype surrounding the approval and launch of Spot Bitcoin ETFs, the crypto analyst revealed that Bitcoin has been witnessing significant declines and is currently approaching the critical price level of $40,200. Related Reading: How To Buy, Sell, And Trade Tokens On The Avalanche Network The crypto analyst compared Bitcoin’s price movements with the recent stock market patterns. Last Friday, Wall Street stocks, particularly the S&P 500 index, achieved an all-time high of 4,839.81, surpassing its previous record in January 2022. Svenson pointed out a significant correlation between Bitcoin and the S&P 500 index in the months leading up to and following the Bit ..
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