On-chain analysis firm Swissblock has stated that after the recent corrections, new highs can be expected in Bitcoin (BTC).
Swissblock analysts recently took a closer look at the cryptocurrency market in a note they published. Analysts emphasized that Bitcoin completed a correction phase before rising to higher levels and its path is clear.
Swissblock analyst Henrik Zeberg, commenting on the matter, said that the rise will benefit both altcoins and companies engaged in Bitcoin mining:
Much higher levels are coming now. I believe that altcoins and companies that mine Bitcoin will perform “extremely well” in the next stage of the upward trend.
A crypto influencer named Jelle also shared a post on March 21, stating that as long as Bitcoin stays above $63,000, it will continue to rise, and the local dip at $60,900 will be left behind. He also said that $69,000 must be surpassed for a complete bullish trend:
I am quite sure that as long as we hold $65,300, the dip is behind us. We need to reclaim $69,000 to turn completely bullish again. But so far, everything is looking good.
