Svenson said that, if history repeats itself, Bitcoin could reach a price of $90,000 in about two months.

“If the market bounces vertically, Bitcoin could hit $90,000 around August… The leading asset is likely to bounce sharply in August and then see a major pullback in September, Then came a rally in October, followed by sideways action and then a big push into the new year. This $90,000 is not a cycle top, it is simply a target within the current uptrend. This bullish cycle will continue to expand into 2025.