Bitcoin Hits Highest Price in Weeks as Bernstein Analysts Maintain 'Ambitious' $150K Target
Decrypt·
60-second summary
Bitcoin is trading at its highest price in weeks, with Bernstein analysts reaffirming their ambitious $150,000 year-end target despite acknowledging the painful retrace. This renewed optimism comes as investors await key economic indicators, including the upcoming US inflation report, which could significantly impact the crypto market's trajectory and overall price stability.
The financial firm admitted Bitcoin's retrace has been painful, but still holds a lofty year-end price prediction for the top crypto asset.