$BTC comments were jaw-dropping: What do analysts say?
Expert names 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 his expectation of a correction.
The trader, nicknamed Roman, told Cointelegraph that fundamental and technical analysis are coming together and this indicates a true bull trend. Ledn chief investment officer John Glover found the rise of BTC on the Ether agenda strange.
Crypto investors are focused on Bitcoin (BTC), which is rising amid the spot Ethereum ETF agenda. BTC experienced an average increase of 15 percent last week. Investors interpreted this rise as a sign that the correction was over and the bull trend continued.
Crypto analyst Roman suggested that BTC has completed the correction and the macro rally 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 occur until this happens. The trader thinks that BTC could reach a price between $90,000 and $100,000 during this period.
Ledn chief investment officer John Glover thinks that speculation is effective in the rise of BTC. Speaking to Cointelegraph, Glover said, “It makes perfect sense for $ETH to rise on the news. SEC's spot Ethereum ETF approval should have no impact on BTC rise. Therefore, it seems interesting to me that the BTC price also increased.” said.
Contrary to Roman's positive comment, Glover suggested that BTC could correct before a new peak is seen.
Commenting on the trend, Glover said, “I predict that there may be a profit sell in the coming days, in which BTC will drop from $ 71,000.” he commented
