Briefly –
- The community seems not to compromise on BTC as digital gold.
- Bitcoin has recorded impressive rallies as market players anticipate futures ETF approval soon.
- BTC should overpower the price zone at $59K – 60K to enter a massive bullish phase
Bitcoin (BTC/USD) has recorded spectacular actions over the past few days. The world’s leading cryptocurrency surpassed $60K on Friday and might continue to surge as market players anticipate the initial BTC ETF approval. Invezz interviewed four market experts about Bitcoin’s outlook. Let us dive dip.
STASIS CEO, Gregory Klumov – BTC Reached a ‘Development Ceiling’
EXANTE’s sister firm CEO Gregory Klumov believed that BTC’s crypto market share has plunged due to investors shifting their attention towards other projects. Klumov is not surprised by such developments as market players search for technologies compatible with 3rd generation blockchain. Keep in mind that BTC has an artless decentralized ledger only.
He said that BTC is in the development ceiling where the community does not want to interfere with new functionalities that might compromises BTC’s primary function, a digital gold. STATIS CEO believes Bitcoin is now a store of wealth. Though the comment appeared to contradict his earlier BTC prediction, Greg still trusts the coin will hit $100K.
Also read:Delta Exchange CEO, Pankaj Balani – BTC Will Always Be Volatile
Delta Exchange CEO also believes futures ETF buzz triggered Bitcoin rally. He commented that any negative surprise on the much-anticipated BTC ETF can find market players off-guard and might catalyze a drastic plummet. Balani said that BTC volatility would rely on the effect of the SEC’s decision.
eToro’s Simon Peters – Patience will Pay
eToro cryptocurrency analyst Simon Peters stated that Bitcoin’s recent rally comes as market players gain confidence in SEC approving Bitcoin exchange-traded funds. He advises long-term investors to remain patient despite the all-time optimism. Peters conceded that the market reacts positively towards the anticipated ETFs.
GlobalBlock’s Will Morris – $65K is The Next Resistance Level
GlobalBlock broker sales trader Will Morris declared that Bitcoin should overpower the $59,000 – $60,000 level to record massive bullish actions. He stated that Bitcoin would have its next resistance at $65,000. Morris also commented that the BTC balance on exchange is in its 9-month low despite the fierce rally. That shows that investors are keeping BTC in their wallets rather than preparing to sell.
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