Analyst: BTC entering final stage of parabolic trend

Crypto analyst Kevin Svenson said that Bitcoin is entering the final stage of its bull cycle, according to The Daily Hodl. He explained that this is the last phase of a parabolic trend that began in late 2022. Svenson suggested that because Bitcoin has several weeks or months before reaching its cycle peak, the top could occur late this year or early next year. He added that while a major correction could follow this peak, an extreme bull market for both Bitcoin and altcoins could emerge at the cycle's apex.