Bernstein: Bitcoin Will Reach $200,000
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Bernstein has reiterated its 12-month Bitcoin price target of $200,000, viewing the current market correction as a strategic buying opportunity for investors aiming to capitalize before the next cycle peak.
Bernstein analysts suggested that a drop in Bitcoin’s price below $80,000 could present an appealing entry point for investors.
They stressed that the current downturn is temporary and does not alter their positive outlook on Bitcoin’s ongoing bull cycle.
Bernstein analysts noted, “We believe that if sentiment continues to weaken and prices fall below $80,000, it would present a compelling risk-reward scenario for investors seeking to position themselves over the next 12-18 months toward new cycle-highs.”
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