Bernstein Predicts: Bitcoin (BTC) to Reach $150,000 in Current Cycle!
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- Analysts at Bernstein predict that the price of Bitcoin will reach $150,000 in this cycle. They attribute this move to various factors. Meanwhile, a significant amount of Bitcoin that has been dormant for a decade moved this morning.
- Bitcoin’s price has suffered modest losses in recent weeks. However, Bernstein analysts say the leading cryptocurrency is “far from over”. They reiterated their predictions that Bitcoin will reach $150,000 in this cycle and expect it to reach this peak target by the end of 2025.
- A BTC wallet that has been inactive for over a decade moved early this morning. The whale transferred all 687.33 BTC (worth over $44 million). The reason for the transfer is unknown.
Bitcoin is set to reach $150,000 in this cycle, according to Bernstein analysts. Meanwhile, a dormant Bitcoin wallet moved for the first time in over a decade.
Bernstein Predicts $150,000 for Bitcoin
Despite recent modest losses, Bernstein analysts believe Bitcoin is “far from over”. They expect the leading cryptocurrency to reach $150,000 in this cycle and predict it will hit this peak by the end of 2025. Analysts Gautam Chhugani and Mahika Sapra stated: “We feel even better about this prediction and BTC measurements still point to a healthy cycle in its early stages. It maintains its risk-reward appeal here.”
