$BTC Bitcoin commentary from analysts: Have the bulls strengthened?
Experts in the crypto industry commented on the course of Bitcoin (BTC). A trader stated that the rise in BTC will be permanent and six-digit prices can be seen. Another analyst expressed the expectation of a correction.
The trader, who goes by the pseudonym Roman, told Cointelegraph that fundamental and technical analysis are coming together, suggesting a true bull trend. Ledn chief investment officer John Glover, on the other hand, found it strange that BTC was rising on the Ether agenda.
Crypto investors focused on rising Bitcoin (BTC) amid the spotlight on the Ethereum ETF. BTC has risen by an average of 15 percent in the past week. Investors interpreted this rise as the end of the correction and the continuation of the bull trend.
Crypto analyst Roman suggested that BTC has completed the correction and the macro rise could reveal higher price levels.
Roman stated that BTC will exceed its all-time high of $73,679 by at least 20 percent and that a new correction will not come until this happens. Trader thinks BTC could reach a price between $90,000 and $100,000 in this process.
Ledn chief investment officer John Glover, on the other hand, believes that speculation is driving BTC's rise. Speaking to Cointelegraph, Glover said, "It makes perfect sense for ETH to rise on the news. The SEC's spot Ethereum ETF approval should have no impact on the BTC rise. Therefore, it is interesting to me that the BTC price is also rising."
In contrast to Roman's positive comment, Glover suggested that BTC may experience a correction before a new high is seen.
Commenting on the trend, Glover said, "I predict that there could be a profit-taking sell-off in the coming days, with BTC falling from $71,000."
