Bitcoin could be poised for even greater gains after a strong start to the year after analysts at Bernstein predicted a bullish end to the year for the world’s largest cryptocurrency.
The financial services firm has cited several bullish factors influencing the flagship cryptocurrency and driving its price to $90,000 by the end of the year.
Bernstein’s Bitcoin Prediction
According to a research note, analysts at Bernstein have raised their year-end prediction for Bitcoin from $80,000 to $90,000, citing several bullish factors. According to the report, a new Bitcoin bull cycle is underway, being fueled by strong inflows into the newly launched spot Bitcoin ETFs, an aggressive expansion of mining capacity, and record-breaking revenue for miners. Analysts Gautam Chhugani and Mahka Sapra stated in their report,
“With a new bitcoin bull cycle, strong ETF inflows, aggressive miner capacity expansion, and all-time high miner dollar revenues, we continue to find bitc
We współpracy z: https://cryptodaily.co.uk/2024/03/bernstein-analysts-predict-bitcoin-could-hit-90000-by-year-end
