Bitcoin Comment from Leading Analysts: Will the Price Rise Continue?

Cryptocurrency analysts spoke about whether the correction in Bitcoin (BTC) will continue.

Bitcoin, which peaked at $73,700 last March, retreated to $56,700 at the beginning of May. Analysts discussing whether this correction movement will continue or not noted that a deeper decline will most likely not be seen.

However, some others spread fear in the market, arguing that a final surprise might occur in the 50-52 thousand dollar band.

Making a statement on the subject, popular analyst Rekt Capital stated that the recent declines are part of a correction and argued that you are close to the bottom levels:

We've had a deep correction, we've had a long correction, and when you have a mix of both, the bottom is always very close.

Another analyst, nicknamed Yoddha, stated that the Bitcoin price looks extremely strong despite all the negative flow and that there will be no further correction:

Bitcoin price is holding so strongly that I don't think there will be a deep correction.

The analyst named Starbust brought a different perspective to the issue and noted that the real fatal correction hit may not have happened yet:

Normal corrections in Bitcoin bull runs are usually nuclear bombs that are quick with a sharp and rapid bounce back.