Bernstein: Current Correction is a Good Opportunity to Buy Bitcoin
According to a recent report by the research firm Bernstein, there has been a significant correction in the price of digital gold, dropping from $73,000 to around $63,000. However, this decline is considered a temporary dip and presents a buying opportunity for investors before the April halving.
Analysts Gautam Chugani and Mahika Sapra believe that the current consolidation phase of Bitcoin’s price will lead to a resumption of the bullish market, potentially reaching $150,000 by 2025.
The researchers predict that the overall cryptocurrency market will reach $7.5 trillion by the end of 2025, with Bitcoin’s market cap rising to $3 trillion and Ethereum’s to $1.8 trillion.
Other leading projects like Solana and Avalanche are expected to contribute $1.4 trillion to the total market cap.
