Bernstein reiterates: Bitcoin's rally is far from over, expected to reach $150,000 by the end of 2025

Odaily News Although Bitcoin’s price has retreated slightly in recent weeks, analysts at Bernstein believe that BTC’s rally is “far from over.” They reiterated their previous forecast that Bitcoin will reach $150,000 by the end of this cycle by the end of 2025. “We feel better about this forecast, and Bitcoin’s indicators suggest that this is a healthy cycle that is still in its early stages,” Gautam Chhugani and Mahika Sapra wrote in a report. The analysts noted that Bitcoin’s recent correction to regional lows around $57,000 effectively “cleaned up excessive leverage in futures contracts on cryptocurrency exchanges.” (The Block)