Expert Opinions on Bitcoin
The rebound in Bitcoin’s price is seen as occurring at a crucial point, poised to influence the short-term trajectory of the market. PlanB, the creator of the Stock-to-Flow model, remains optimistic, suggesting that the bull market is not over and Bitcoin may continue its long-term uptrend. Analyst Zynx mentioned that Bitcoin consistently doubles its value relative to gold in each cycle, highlighting a possible target of $300,000. He anticipates that Bitcoin could surpass $151,000 within six months.
Dan Tapiero, co-founder of 50T Funds, also noted that Bitcoin’s price in gold terms has stagnated over the past five years, suggesting that the true bull run is yet to commence. Meanwhile, Benjamin Cowen, founder of ITC Crypto, pointed out that the weekly close above the bull market support band resembles patterns seen in 2020. Analyst Tara speculated that a short-term retracement might occur before targeting $114,300, considering the Fibonacci levels.
The Crypto Fear and Greed Index’s return to the neutral level of 50 indicates a shift to a balanced sentiment among investors.
Ethereum’s Resurgence: Analysts Weigh In
Bitcoin’s recovery is not an isolated event. Ethereum has also made a robust start to the week, breaking back above $4,100. Investor Ted Pillows commented that Ethereum has surged 250% from its lowest point, and a correction following such a rise is typical. However, he expects a full recovery in the coming weeks, with the price potentially exceeding $10,000.
Analyst Daan Crypto Trades noted that the weekly close above the previous cycle’s peak affirms the buyers’ strength. The last‑minute purchases on Sunday are viewed as a testament to this strength, demonstrating that Ethereum has regained its upward momentum not only in psychological terms but also through technical indicators.