Analysts See Bitcoin as Still in ‘Bullish Phase,’ Despite Pullbacks

Analysts See Bitcoin as Still in ‘Bullish Phase,’ Despite Pullbacks

Still, it remains to be seen whether investors will continue to accumulate BTC in hopes of long-term gains. “Historically, bitcoin has risen after past upgrades [to the Bitcoin blockchain], so many see this as possibly history repeating itself,” Marcus Sotiriou, a trader at U.K.-based digital asset broker GlobalBlock, wrote in an email to CoinDesk.

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