Bernstein Analyst: Bitcoin’s Current Correction Provides Dip Buying Opportunity Ahead of Halving

03/20 00:13

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Bernstein, a Wall Street investment bank, stated that Bitcoin's recent drop from its historical high of over $73,000 to around $63,000, represents a temporary "buying opportunity on dips" before the halving event in April. The analyst still believes that there is an 18-month cross-cycle opportunity for Bitcoin and the entire cryptocurrency ecosystem. Bernstein's analyst said, "This correction seems healthy and does not affect our cross-cycle view that Bitcoin will reach a cycle high of $150,000 in 2025."

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