Analyst and trader Kevin Svenson believes Bitcoin (BTC) is primed to go higher as the flagship crypto asset sits just a few basis points below the all-time high.

Svenson tells his 83,400 YouTube subscribers that whenever the S&P 500 index hits a new all-time high, Bitcoin tends to follow suit.

The S&P 500 index reached a record high of 6,333 points earlier this week.

“Bitcoin is now ready to play out the next major parabolic advance, the next phase of the parabolic trend…

…And if the S&P is stable or trending into new all-time highs, then that will allow Bitcoin to also do the same. It gives speculators confidence to speculate into a new all-time high for Bitcoin.”

After breaking out above the current all-time high of just under $112,000, Svenson says the first major target for Bitcoin is the $120,500 level. The analyst says Bitcoin could then pull back before initiating a parabolic rally.

“If you take a look at the current weekly chart for Bitcoin with the parabolic trend diagram overlaid onto it, you’ll see that we are setting up for the next major parabolic advance. The next major push towards $140,000 to $150,000 is what the textbook suggests. And this could probably take months, many, many months of, you know, movement to get there.”

Bitcoin is trading at $110,936 at time of writing, less than one percentage point below the all-time high of $111,814 reached in May.

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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.

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A crypto analyst with a history of timely Bitcoin (BTC) calls believes that altcoins are gearing up for a price spike.

In a new strategy session, Kevin Svenson tells his 83,300 YouTube subscribers that he’s keeping a close watch on the OTHERS chart, which tracks the total market cap of crypto, excluding the top 10 digital assets and stablecoins.

Traders keep an eye on the OTHERS chart to gauge the performance of the altcoin market.

According to the crypto strategist, OTHERS appears to be following its 2024 price action, when it went through a corrective period before sparking a parabolic surge toward the end of the year.

Svenson predicts that altcoins will stage another explosive rally if Bitcoin and another asset class soar to new record highs.

“I’m just showing what’s showing up on the chart. The setup is nearly the same.

And this huge run-up when the OTHERS chart went up 140% last time… this happened because Bitcoin and the S&P [500] both broke into a new all-time high at the same time. We saw Bitcoin break a new all-time high recently, but the S&P did not.

So if we both get the S&P and Bitcoin to break out to a new all-time high soon, a move like this [November to December 2024] up to $570 billion for OTHERS, the low-cap altcoins, are very likely, in my opinion, that we’re going to get a major pump.”

At time of writing, OTHERS is trading at $233.72 billion.

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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.

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Global foreign exchange and payments platforms are lobbying hard against stablecoins, which stand to significantly disrupt their business models, investor Kevin O’Leary said during a keynote address at Consensus 2025.

Legacy forex and payments platforms often extract large fees for servicing cross-border cash transfers and stand to lose out on revenue if regulated stablecoins become accepted as a cheaper, faster alternative, O’Leary said at the Toronto conference. 

“Currency trading is a multi-trillion dollar market — and it’s old and ugly and inefficient,” O’Leary said, adding that “[ t]he biggest threat to that monopoly or oligopoly is a regulated stablecoin.” 

“Once that’s approved, the multi-trillion dollar FX market becomes efficient, transparent, and inexpensive,” he said. 

Stablecoin legislation

US lawmakers are working on legislation that stands to accelerate global stablecoin adoption, O’Leary added. 

US Senators are aiming to pass the so-called Genius Act — a framework for regulating stablecoins — before the end of May. “As soon as the SEC approves the stablecoin act, every regulator in the US’s circle — Abu Dhabi, Switzerland, England — will follow,” O’Leary said.

“Who’s worried about this? The financial services industry. They hate this idea, and they’re working very hard to stop that bill from happening right now,” he added.

O’Leary said regulatory clarity for stablecoins may be a precursor to broader cryptocurrency reform that could potentially unlock trillions of dollars in institutional capital.

“When this language comes out, people will see really good refinement, a lot of progress, on things like consumer protection, bankruptcy protection, and ethics,” US Senator Kirsten Gillibrand said during an event hosted by Coinbase’s lobbying arm, Stand with Crypto.

As of May 15, stablecoins are collectively worth nearly $250 billion in market capitalization, according to data from CoinGecko. Tether’s US-dollar pegged stablecoin USDT is the leader, with a market cap of around $150 million, the data showed. It’s followed by Circle’s USDC, another US-dollar pegged stablecoin with a market cap of more than $60 billion.

Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3

To fans of the television show Shark Tank, Kevin O’Leary is familiar, as he’s a panelist on the program that showcases business ideas. He’s a Canadian entrepreneur, who started the Softkey Software Products company. It saw great success and later bought the Learning Company, before being bought itself by the toy company Mattel.

O’Leary has ideas not only about entrepreneurship, but also retirement — so check out some of his thoughts on that and see whether they might help you in your own retirement planning. They’re chiefly drawn from his 2012 book, Cold Hard Truth on Men, Women and Money: 50 Common Money Mistakes and How to Fix Them.

Image source: Getty Images.

Debt and retirement

If you’re carrying any debt, especially high-interest-rate debt (such as debt from credit cards), it’s a good idea to pay it off or shrink it considerably before retiring. O’Leary notes: “If you’re heading toward retirement with debt, now’s the time to budget like you’ve never budgeted before. I mean it.”

Paying down debts will free up more income that you can live off in retirement — and it can give you more peace of mind and help you sleep better, too, if you don’t have big mortgage payments or hefty credit card bills hanging over you in your golden years.

Your post-retirement income

O’Leary questions one common rule of thumb — that retirees should plan to need 65% of their pre-retirement income in retirement — saying:

This assumes that you will want to maintain roughly the same standard of living that you enjoyed when you worked a stressful life, working 40 hours a week away from home… Of course, you ate out a lot, bought hardcover books to read on the subway, and got a brand-new coat every winter… But in retirement, you won’t need to finance your lifestyle in the same way. There will be no commuting, fewer lunches out, and lower dry-cleaning bills.

Still, he notes that each of us should be trying to come up with the most realistic estimate of how much we’ll need in retirement instead of relying on any one rule of thumb: “If you don’t think you can go days without spending money on useless crap like magazines, gum, or coffee, then you’re going to be in trouble a few years into retirement…”

For context, know that as of March, the average monthly Social Security retirement benefit was $1,997 — about $24,000 for the year. Of course, if you earned more than average, you’ll collect more than average. (To get a good estimate of how much you can expect from Social Security, set up a my Social Security account at the Social Security Administration (SSA) website.)

So if you end up estimating that you’ll need $80,000 annually in income in retirement, figure out how you’ll get that. Here’s what such a retirement income plan might look like:

• Social Security: $30,000
• Dividend income: $25,000
• Pension income: $15,000
• Selling off part of your stock portfolio: $10,000

It’s good to have multiple income streams for your retirement, and yours could look different from the example above. You might, for example, have rental income or annuity income, or income from a part-time job.

Save more, spend less

If we want to be able to afford the retirement we hope for, O’Leary offers some good advice: “…[S]pend those last few working years socking away as much money as you can, but also use those years to practice living on a lot less, lowering your expectations, and cultivating disciplined spending habits…”

He also says: “Get a part-time job, too, while you’re at it and while you’re still spry enough to handle it.” It’s smart to save aggressively, and you might be able to do so now by shrinking your spending — and perhaps by getting a side gig for a few or many years.

Also consider coming up with a household spending budget. Using a budget in retirement is a smart move, too, as it can help you not spend more than you should. You may even keep a part-time job for your first few years of retirement. Here’s how your savings might grow over time:

Data source: Calculations by author.

When to retire — and when not to retire

So — when should you retire? O’Leary has a perfect answer: “Don’t retire until you can afford it. Throw out your plan for freedom at 55 or even 65… If you have debt, you need your job, so you have to do everything in your power to keep it.”

Only retire when you can afford it. Make sure you’ve set up a portfolio that you can draw on or collect dividends and/or interest payments from. Make sure you’ve set up sufficient income streams to support you in retirement. Keep inflation in mind and prepare for it. Don’t forget healthcare costs, either, as they can be substantial. Finally, know that there are ways to increase your Social Security benefits.

Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid a rally of over 10% by the crypto king since the 2025 low reached earlier this month.

In a new strategy session, Svenson tells his 82,800 YouTube subscribers that Bitcoin is looking bullish after the Relative Strength Index (RSI) indicator broke out of a downtrend on the crypto king’s weekly time frame.

The RSI is a momentum oscillator used to determine oversold and overbought conditions.

“Bitcoin has now seen yet another weekly RSI breakout. This is one of the most bullish signals that we’ve seen over the past, well, forever actually. Every time Bitcoin gets one of these weekly RSI downtrend breakouts, we see humongous swings to the upside. These weekly RSI breakouts are no joke.”

According to Svenson, Bitcoin could witness a bullish period that could last into the third quarter of this year if history repeats itself.

“And typically if you do a count [of the weekly RSI breakouts in Bitcoin’s history], these runs last typically about 12 to 14 weeks… which lands us at somewhere in July… or early August. So that means we have multiple months … end of July. Meaning the rest of April, May, June, July to see an uptrend form for Bitcoin.”

The analyst says that over the short term, Bitcoin is likely to trade in a range at roughly between $91,000 and $96,000 before moving higher.

“Bitcoin has made a bullish pivot, we are above the downtrend line…

…we’ve made significant progress over the past two days and there is room for more upside. We’re also sitting at a resistance so likely we get a lot of chop in this zone rather than just expecting straight lines.”

Bitcoin is trading at $93,837 at time of writing.

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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.

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Cryptocurrency analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC).

In a new strategy session, Svenson tells his 82,800 YouTube subscribers that technical analysis indicators are signaling that Bitcoin could break out from the long-term downtrend that started in December of 2024.

Svenson says that on both the four-hour and the daily time frame, a downtrend line is converging with an uptrend line, a phenomenon that is also being replicated by the Relative Strength Index (RSI) indicator. The RSI is a momentum oscillator that’s used to determine oversold and overbought conditions.

“…so we’re getting a break above horizontal resistance on the daily RSI and the long-term downward sloping resistance. So there is a breakout now confirmed on the daily RSI. And this may be a leading indicator, a leading signal that Bitcoin may also create a breakout in the near term.”

According to Svenson, the Moving Average Convergence Divergence (MACD), a momentum-based technical indicator that is used to determine trends and pinpoint potential buy and sell points, is also flashing a bullish signal for Bitcoin.

“On the daily MACD, the bulls have the momentum as we’re resting right upon resistance. This could give us a reason to believe that we may see a breakout…”

The crypto analyst also says that Bitcoin has formed a bullish ascending triangle pattern on the three-day time frame and could go up by around 13% from the current level.

“To get your target for the measured move, you go from the high to the low of the [ascending triangle] pattern and then extrapolate that onto the potential breakout zone… which is actually giving us a pretty stunning number. I mean $98,000… I guess it’s not too crazy to believe because we had this huge dump. We would basically just be regaining that lost ground from that big week down that we saw.

So right now we may just create a U-shaped recovery that seems to be what we’re setting up for now.”

Bitcoin is trading at $86,551 at time of writing.

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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.

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Celebrity investor Kevin O’Leary, aka Mr. Wonderful, has thrown his optimistic stance on the crypto future under President Trump’s regime.

In an interview with Fox News, the Shark Tank star stressed that crypto is out of the “cowboy era.” He argued that the asset class has entered a “new phase” under President Trump’s administration.

Kevin had a crypto conversation with American politician Lara Trump at the crypto-themed Pubkey bar in New York, that President Trump had previously visited.

“The reason they’re not comfortable with [crypto] right now is they’ve watched the cowboy era of crypto, but all the crypto cowboys are in jail or out of business,” Kevin noted.

He referred to the high-profile fraud cases in the industry, including the debacle of FTX crypto exchange. The entire industry faced a reckoning in 2022, following the collapse of the exchange. FTX founder Sam Bankman-Fried is currently serving a 25-year sentence after being convicted of fraud and conspiracy in 2023.

Crypto to Become “Payment System, Investment Vehicle”

Additionally, Kevin O’Leary praised the recent pro-crypto moves by President Trump, adding that there is a “new tone with the government.”

He noted that crypto developments will “provide regulations,” which would allow cryptos to become integrated with American financial institutions.

“It’s going to become a payment system, an investment vehicle,” he told Lara Trump.

Further, he also believes that cryptos would become the 12th sector of America’s economy.

“It’s going to become part of all the sectors of our economy. We have 11 sectors. Eventually, I believe crypto will be the 12th.”

A New Era for Crypto Lies Ahead Under Trump Administration

The now-47th president recently signed an executive order to establish a Strategic Bitcoin Reserve. On March 7, the first-of-its-kind crypto summit was held with industry presence, including Strategy’s executive chairman Michael Saylor and Coinbase CEO Brian Armstrong.

During Kevin’s conversation with Lara Trump, Pubkey co-owner Thomas Pacchia also expressed views on the future of crypto under Trump. He called the crypto’s leadership under former President Biden, “atrocious.”

“For four years, it was a very aggressive administration. I think the biggest win was just moving on from that and not getting stuck with another 4 or 8 years of that,” he stated.

The post Shark Tank-Fame Kevin O’Leary Says Crypto Would “Become Part of All Sectors” appeared first on Cryptonews.

Analyst Kevin Svenson is offering his outlook on Bitcoin (BTC) as the flagship crypto asset hovers around 24% below the all-time high.

In a new strategy session, Svenson tells his 82,800 YouTube subscribers that Bitcoin is at a critical juncture that could determine the crypto king’s price direction over the coming weeks and months.

According to Svenson, Bitcoin is sitting just above a parabolic trend that started in early 2023 and the next move the flagship digital asset makes will be decisive.

“…we are currently just above it [parabolic trend line]. But it’s getting a pretty close call here. Bitcoin can’t spend too much time going sideways. And it also can’t spend really any time on the weekly [time frame] going down, without breaking the parabolic trend.

So this is pretty much the last leg – it’s either going to hold here and start to trend upward or it’s going to end up turning into something else. Maybe a sideways low.”

Svenson says that if Bitcoin turns lower instead of going higher, it could plunge to levels last recorded in November.

“The other option is that we just break down and go into, maybe the high $60,000s.

Right now, there are signs pointing to the idea that we may enter a stage where the market is in a lull, where we actually kind of just chop sideways for a while exit, this parabolic trend and go into a more of an accumulation zone.”

Bitcoin is trading at $82,900 at time of writing.

The analyst says that if the bulls prevail, Bitcoin has more upside potential based on the weekly Relative Strength Index (RSI), a momentum oscillator used to determine overbought and oversold levels.

“If Bitcoin plays out a bullish scenario, whether we go up sooner or accumulate for longer, and we run up to a new high a new all-time high, it’s likely that the weekly RSI would actually be at a lower high. Basically testing the overbought zone before pulling back.

And it’s possible that that would be the cycle high. So I do see that Bitcoin could test the overbought levels on the weekly, which means there’s quite a lot of upside to play out before the market gets totally overheated.”

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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.

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