Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Bernstein analysts see ‘low buying opportunity’ ahead of Bitcoin halving
ADOPTION NEWS

Bernstein analysts see ‘low buying opportunity’ ahead of Bitcoin halving

By Crypto FlexsMarch 19, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bernstein analysts see ‘low buying opportunity’ ahead of Bitcoin halving
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin BTC

-6.32%
The recent $10,000 decline from record highs of over $73,000 to around $63,000 represents a temporary “low buying opportunity” ahead of the April halving event, according to analysts at research and brokerage firm Bernstein.

“We believe that the current phase of Bitcoin consolidation is temporary and that investors should buy the dip ahead of the Bitcoin halving,” Bernstein analysts Gautam Chhugani and Mahika Sapra wrote in a note to clients on Tuesday. “I believe it presents an opportunity,” he wrote. “We continue to see an 18-month cross-cycle opportunity in Bitcoin and the entire cryptocurrency ecosystem.”

“We expect markets to consolidate prior to the halving and the overall bull market to continue thereafter,” they added.

Bitcoin halving is programmed to occur automatically every 210,000 blocks, or approximately every four years. The next halving event, expected on April 20, will see the reward subsidy for miners on the network decrease from 6.25 BTC to 3.125 BTC per block. However, you still earn additional transaction fees for each block mined.

US spot Bitcoin exchange-traded funds remain an important factor in the market. Grayscale’s converted GBTC fund recorded record daily outflows of $642.5 million on Monday, and yesterday recorded total net outflows of $154.4 million for the first time since March 1.

“ETF flows are reflexive: higher when prices are rising and slower when prices are falling,” Bernstein analysts note. However, historically Bitcoin’s price action has been solid ahead of halvings, and given the run-up to confirm the approval of the Bitcoin ETF and the rally following significant net inflows since its launch on January 11, the recent price action has not been the case. amazing. “The correction appears to be healthy and does not affect our cross-cycle view, namely that Bitcoin is headed toward a cycle high of $150,000 by 2025,” Chhugani and Sapra wrote.

Bitcoin price movement due to halving. Image: Bernstein.

According to The Block’s price page, Bitcoin is currently trading at $63,626. The cryptocurrency is down 7% in the last 24 hours and 12% over the past week. However, it remains at about 50% so far.

Bitcoin’s Path to $150,000

Last week, Bernstein argued that public mining stocks remain the best stock proxy for Bitcoin as the price of Bitcoin moves toward its 2024-2025 cycle target. Especially considering recent poor performance.

Analysts are focusing in particular on Riot Platforms and CleanSpark, noting that above current Bitcoin price levels (even with production costs doubling after the halving), miners will generate gross profit margins of around 70% and 60%, respectively. He said it would be. .

Later this week, Chhugani and Sapra predicted that the overall cryptocurrency market cap would reach $7.5 trillion by the end of 2025, with the Bitcoin and Ethereum ecosystems leading the way amid “unprecedented” institutional adoption. It was predicted that it could increase rapidly.

“We expect Bitcoin ($3 trillion by 2025), the Ethereum ecosystem ($1.8 trillion by 2025), and major blockchains ($1.4 trillion) such as Solana and Avax. The total leading cryptocurrency market capitalization is expected to reach $7.5 trillion by 2025. Now it’s $2.6 trillion. by 2025),” analysts said at the time. They claimed that blockchain gaming will be “the killer consumer app of this cycle” and that gaming tokens will grow into a $200 billion market.

Bitcoin market capitalization prediction. Image: Bernstein.

Analysts also began coverage of Robinhood stock with an outperforming rating, suggesting it is “riding the cryptocurrency comeback” as a higher beta play.


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.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

Crypto Exchange Rollish is expanded to 20 by NY approved.

October 2, 2025

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025
Add A Comment

Comments are closed.

Recent Posts

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025

Fusaka Update – Information for Blob Users

October 18, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 18, 2025

BTC RSI hits April low as Coinbase premium turns red.

October 18, 2025

The Great Inheritance and Crypto: What you need to know.

October 17, 2025

6 Best AI Quant Bots To Use In 2025: Smarter Trading Starts Here

October 17, 2025

AI and Bitcoin mining stocks soar after OpenAI closes multibillion-dollar chip deal with AMD

October 17, 2025

MEXC Celebrates ZEROBASE (ZBT) Listing With Airdrop+ Event Featuring 55,000 USDT Prize Pool

October 16, 2025

How MasterQuant’s AI Trading Bot Is Becoming Every Investor’s Favorite Trade Machine

October 16, 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

5 Best Crypto Flash Crash And Buy The Dip Crypto Bots (2025)

October 18, 2025

Billionaire Tim Draper Leads $3.2M Seed Round For Ryder To Replace Seed Phrases With TapSafe Recovery

October 18, 2025

IRANcoin Global Reserve (IRCOIN) launches to reshape global digital payments

October 18, 2025
Most Popular

DOT price (Polkadot) pumps 10% as bulls aim for $15 surge

January 11, 2024

SEC sues encryption management for $ 115 million in systems.

April 23, 2025

Fetch Price Prediction for Today, April 13 – FET Technical Analysis

April 14, 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.