After the declines in April and last week, some analysts Bitcoin While drawing negative charts for the price, BTC Contrary to the expectation of a decline, it started to attack again.
At this point, BTC, which started the second week of May positively, rose above $ 65,000.
While this rise mobilizes the market, bullish predictions continue to come.
Bernstein analysts, who expect Bitcoin to reach $150,000 in this cycle, stated that they are persistent in their predictions and stated that Bitcoin will continue its rise.
According to The Block, Bernstein analysts Gautam Chhugani and Mahika Sapra said in a note to clients that their $150,000 estimate was still valid.
“Bitcoin has experienced a correction reaching as high as $56,000 in recent weeks. However, this is a completely normal situation. This correction effectively cleared excess leverage in futures contracts on cryptocurrency exchanges.
While metrics still indicate that Bitcoin is in the early stage of an uptrend, this correction is healthy.
At this point, as Bernstein, we reiterate our prediction that Bitcoin will reach $150,000 by the end of 2025.”
Evaluating the recent rise that took Bitcoin above $ 65,000, analysts said that this rise was due to spot BTC ETF He stated that it was effective for the flow to turn positive with net inflows.
At this point, Bernstein analysts are confident that strong overall inflows into ETFs over the past three months, new incentives for corporate treasuries to purchase Bitcoin, a stable post-halving hash rate, healthy post-halving transaction fees, and low-priced Bitcoin mining equipment will continue BTC’s rise. He added that there were signs.
*This is not investment advice.
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