Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Bernstein analyst doubles down on $150,000 Bitcoin price prediction.
ADOPTION NEWS

Bernstein analyst doubles down on $150,000 Bitcoin price prediction.

By Crypto FlexsMay 6, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bernstein analyst doubles down on 0,000 Bitcoin price prediction.
Share
Facebook Twitter LinkedIn Pinterest Email
Market • May 6, 2024 4:09 AM EDT

Posted 1 minute ago In ~

Although the price of Bitcoin has fallen slightly in recent weeks, analysts at Bernstein believe that the leading cryptocurrency is “still a long way off.” They reiterated their prediction that Bitcoin will reach $150,000 this cycle, expected by the end of 2025.

“We felt a lot better about that call and BTC

+2.31%
“Metrics indicate a healthy cycle and that it is still in its early stages,” Gautam Chhugani and Mahika Sapra wrote in a note. “The risk-reward here remains attractive.”

Analysts shared the view that the recent correction to local lows around $57,000 “cleaned up excessive leverage on futures contracts on cryptocurrency exchanges.”

They also noted that the U.S. Bitcoin exchange-traded fund reversed course to consolidated net inflows after eight consecutive days of outflows. Even Grayscale’s converted GBTC ETF saw net inflows of $63 million on Friday after 78 consecutive days of outflows. “This is significant given that GBTC has been a source of significant and persistent selling that the new nine ETFs have had to absorb,” they explained.

Bernstein analysts also cited overall inflows into ETFs over the past three months, encouraging corporate treasuries to purchase Bitcoin, a steady post-halving hash rate, healthy post-halving transaction fees, and falling Bitcoin mining equipment prices as healthy signs. Yes. The overall Bitcoin market.

According to The Block’s Bitcoin price page, Bitcoin is currently trading above $64,400.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

Adam is Editor-in-Chief for Europe, Middle East and Africa. He lives in Central Europe and is the editor-in-chief and podcast host at OKX Insights, the former research arm of cryptocurrency exchange OKX. Prior to that, he co-founded BeInCrypto.com, where he served as Editor-in-Chief and grew it into one of the leading cryptocurrency media brands. He previously served as Editor-in-Chief of Bitcoinist.com. Before joining the blockchain and cryptocurrency industry, he worked at Looper.com, Grunge.com, and SVG.com. He tweets at @XBT002 and can be emailed at (email protected).
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025

COREWEAVE is a NVIDIA GB200 Super Chip that achieves recorded MLPERF benchmarks.

June 6, 2025

Bitcoin dives for less than $ 102K in fading momentum and macroscopic uncertainty.

June 6, 2025

Arca EXEC writes a scratch on Circle after IPO

June 6, 2025

The robot of 1x Technologies aims to revolutionize ordinary work with AI.

June 5, 2025

Trump is a magical Eden encryption wallet tie, Trump coin deep 13%

June 5, 2025

Bitcoin prices slide again, causing new fear of deeper modifications.

June 5, 2025

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

SEI Network opens up the way of autonomous AI economy.

June 6, 2025

SEI hit 621K wallet and $ 930m tvL, but two regions should pay attention.

June 6, 2025

Bitcoin Is An Unreplicable Lifeline In Authoritarian Regimes

June 6, 2025
Most Popular

Bitcoin maintains gains despite blood clots across cryptocurrencies and stocks following comments from the Minneapolis Federal Reserve.

April 4, 2024

Polkadot Rollup, Hyperbridge Expands Initial Relayer Offerings After Sale of Over 52 Million Tokens

January 18, 2025

ETH, TON, UNI, and XMR could rebound if Bitcoin clears $68,000.

June 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.