He believes the final barrier lies just above $110,000. A breakout from that level could send Bitcoin into a vertical surge.

“This could be an epic few months,” Svenson said, citing the continuation of the parabolic trend. According to him, BTC appears poised for a “blow-off top” — a rapid and unsustainable price spike.

He explained that parabolic moves grow increasingly steep before reversing. Similar phases occurred during Bitcoin’s 2017 and 2021 bull cycles.

Svenson’s chart shows Bitcoin possibly climbing as high as $135,000 before the rally cools. He warns the move could end abruptly, but suggests the bullish phase may extend into October before momentum fades.

The post Bitcoin Could Hit $135,000 in Vertical Rally, Says Analyst appeared first on Coindoo.

---

Filed under: Bitcoin - @ June 11, 2025 7:07 am