BTC Has Potential to Continue Growing: Experts Say

Bitcoin has recently confirmed the formation of a “golden cross” signal, indicating a potential upward trend, which has been noted by market analyst Adrian Zduńczyk.

According to MN Trading founder Michael van de Poppe, investors are preparing for a new surge in growth, as shown by a decrease in volatility.

After breaking through resistance, van de Poppe predicts a movement towards $37,000 and recommends buying on pullbacks to the lows of the current consolidation.

In case of a deeper correction, the expert advises buying more in the range of $32,500-33,000.

Looking ahead, Philip Swift, creator of the Look Into Bitcoin information resource, sets benchmarks at $41,900 and $65,050, pointing to the start of the early phase of the bull market after the price surpassed $34,000.

Gabor Gurbacs, advisor to Tether and VanEck and founder of Pointsville, highlights the growing presence of institutional investors as the main driving force for further growth, as seen in the increasing open interest in Bitcoin futures on the CME.