🔥💥Bernstein, who expects 150 thousand dollars in Bitcoin: Everything continues healthy
Analysts at the large investment management company #Bernstein who have stated that they expect a very serious price rise in Bitcoin with consecutive reports in recent months, have stated that they are behind their expectations and that the declines are healthy in terms of market trends.
Although the declines in #Bitcoin last week caused fear among investors, Bernstein analysts believe that the upsurge in the largest cryptocurrency has not yet “literally” begun.
The firm's analysts, who said in the report written in February “Get ready for Bitcoin FOMO” and then revised the $ 150 thousand price forecast made for 2025 to 2024, stated that the declines were healthy.
“We are in the early stages of the cycle”
The company, which has more than $ 700 billion in assets under management, has the following statements in the customer note shared with the signature of Gautam Chhugani and Mahika Sapra:
“We think more positively about the price decreases experienced than before. The figures show that we are currently in a healthy cycle. It even shows that we are still in the early stages of this cycle. The risk-reward system still retains its appeal here.
"The Grayscale entries are very positive...”
Referring to the end of the selling wave seen in Bitcoin spot ETFs for 7 consecutive days and the importance of having a significant investment even in Grayscale, analysts wrote that in this sense, serious pressure has also disappeared:
“The other 9 ETFs had to lift and absorb Grayscale's huge sales burden. the end of the 78-day outflows is a very important development ... On the other hand, the strong inflows into ETFs over the past 3 months, the encouragement of corporate firms to buy Bitcoin, the healthy post-halving transaction fees and the low prices of mining equipment are a sign that the market is healthy.”
