![Analysts-See-Bitcoin-as-Still-in-‘Bullish-Phase-Despite-Pullbacks.jpeg Analysts See Bitcoin as Still in ‘Bullish Phase,’ Despite Pullbacks](https://cryptotoptrends.com/wp-content/uploads/2021/11/Analysts-See-Bitcoin-as-Still-in-‘Bullish-Phase-Despite-Pullbacks-678x381.jpeg)
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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