On-chain analysis firm Swissblock said after the recent corrections, new highs could be expected in Bitcoin (BTC).
Swissblock analysts recently took a close look at the cryptocurrency market in a note they published. Analysts emphasized that Bitcoin had completed a correction phase before rising to higher levels and that the way forward was clear.
Swissblock analyst Henrik Zeberg who commented on the matter, stated that the rise would benefit both altcoins and companies engaged in Bitcoin mining:
Now much higher levels are coming. I think altcoins and companies mining Bitcoin will perform “extremely well” in the next phase of the upward trend.
Cryptocurrency influencer Jelle, in a post shared on March 21, stated that Bitcoin would continue to rise as long as it stayed above 63,000 dollars, and that the local dip at 60,900 dollars would be left behind. He also said that 69,000 dollars needed to be surpassed for a complete bull:
I’m pretty sure the bottom is behind us as long as we hold 65,300 dollars. To turn into a full bull again, we need to regain 69,000 dollars. But so far, everything looks good.
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