Analysts See Bitcoin as Still in ‘Bullish Phase,’ Despite Pullbacks

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Still, it stays to be seen whether or not traders will proceed to build up BTC in hopes of long-term beneficial properties. “Historically, bitcoin has risen after past upgrades [to the Bitcoin blockchain], so many see this as possibly history repeating itself,” Marcus Sotiriou, a dealer at U.Ok.-based digital asset dealer GlobalBlock, wrote in an e-mail to CoinDesk.