- Analysts at Bernstein have revised their predictions for Bitcoin’s price in this cycle, suggesting it could reach $15,000.
- Despite Bitcoin’s modest pullback in recent weeks, the analysts believe the leading cryptocurrency is far from finished.
- They reiterated their prediction that BTC could reach $150,000 in this cycle, with this happening by the end of 2025.
Analysts at Bernstein revise their Bitcoin price predictions, suggesting a potential rise to $15,000 in this cycle and $150,000 by the end of 2025.
Comprehensive Bitcoin Evaluation from Analysts
The analysts shared their view that the recent correction to approximately $57,000 effectively “cleared the excessive leverage in crypto futures contracts on exchanges”. They also noted that Bitcoin exchange-traded funds (ETFs) in the United States reversed course back to net inflows after eight consecutive days of outflows. Even Grayscale’s GBTC ETF recorded a net inflow of $63 million on Friday, following a 78-day outflow streak. “This is a significant development, considering that GBTC has been a major and consistent source of selling and the new 9 ETFs had to absorb this,” they explained.
Healthy Signs for the Overall Market
Bernstein analysts also pointed to strong overall inflows into ETFs in the last three months, new incentives for corporate treasuries to buy BTC, a stable hash rate post-Halving, healthy transaction fees, and suppressed prices for BTC mining equipment as healthy signs for the overall market.
Conclusion
This analysis provides a positive outlook for Bitcoin, despite recent price fluctuations. The analysts’ revised predictions suggest potential for significant growth in the coming years. However, as with all investments, readers should conduct their own research before making decisions.
