As Bitcoin Rebounds Following Weekend Plunge, Here's What 4 Popular Crypto Analysts Are Saying

Four popular cryptocurrency analysts remain bullish on Bitcoin BTC/USD after the apex cryptocurrency shrugged off worries about the new highly-mutated Omicron coronavirus strain and rebounded on Sunday night.

What Happened: Pseudonymous analyst Smart Contracter told his almost 194,000 followers on Twitter that Bitcoin is due for a strong bounce up to the $63,000 level amid indications that the correction is almost over. He added that the cryptocurrency could touch a new all-time high in the “best case scenario.”

no sign of reversal "just yet" but, we just had our final capitulation volume imo and i think $btc is due for a strong bounce up to 63k soon as a worst case scenario, obviously best case scenario is a new all time high. pic.twitter.com/LHU8sqJLLh

— Bluntz (@SmartContracter) November 26, 2021

See Also: How To Buy Bitcoin (BTC)

The Crypto Dog, a pseudonymous technical analyst, told his more than 693,000 followers on Twitter he lives his life by following a simple rule that eventually someone is always going to buy Bitcoin.

I live my life by one simple rule

Eventually someone is always going to buy Bitcoin

— The Crypto Dog (@TheCryptoDog) November 28, 2021

Amsterdam-based popular cryptocurrency analyst Michaël van de Poppe has projected that Bitcoin is close to the end of correction and might surge to $56,000 in the next 24 hours or less.

Less than 24 hours is also fine. https://t.co/Lb0xmHwEyA

— Michaël van de Poppe (@CryptoMichNL) November 28, 2021

He added that the prices of some altcoins will fall even further before accelerating from January next year.

Justin Bennett, a cryptocurrency analyst and trader with over 91,000 Twitter followers, also expressed his bullishness about Bitcoin. He noted that Bitcoin just closed above the $55,000 level last week.

$BTC just closed the week back above $55k.

Let's go! #Bitcoin pic.twitter.com/tWLZ9qGdzi

— Justin Bennett (@JustinBennettFX) November 29, 2021

Why It Matters: Bitcoin fell along with other risk assets on Friday amid fears about the potential impact of the new Omicron COVID-19 variant on the global economy, but has rebounded as of Sunday night.

The apex cryptocurrency’s year-to-date gains stand at 95.9%.

Price Action: Bitcoin is up almost 5.5% during the past 24 hours, trading at $57,550.00 at press time.

Read Next: More Than $750M Worth Of Crypto Positions Liquidated On Concerns Over New COVID-19 Variant 'Omicron'