Cryptocurrency expert Kevin Svenson predicts a significant downturn for Bitcoin (CRYPTO: BTC) investors. What Happened: Svenson’s analysis hinges on the Bitcoin halving, a pre-programmed reduction in the rewards for mining new blocks, which historically influences the price due to its impact on supply. According to Svenson, “We could see a big dip…after the halving running up towards our short-squeeze target of maybe $60,000.” He suggests that the excitement and bullish momentum leading up to the halving could be swiftly followed by a correction, with prices potentially retracting to as low …