The recent correction in the price of Bitcoin, over 10% in the last week, is temporarily seen as a buying opportunity at lower prices, according to Bernstein.
Furthermore, company analysts predict further consolidation in view of Bitcoin’s halving in April, with the bullish market expected to continue. Let’s see all the details below.
Bitcoin Price: Bernstein predicts further consolidation before the April event
As anticipated, the recent decline in the value of Bitcoin, which has brought the cryptocurrency from over $73,000 to about $63,000, is seen as a temporary buying opportunity at lower prices.
This is in anticipation of the April halving, according to analysts at Bernstein, a research and brokerage company.
Gautam Chhugani and Mahika Sapra, analysts at Bernstein, emphasized on Tuesday that they consider the current consolidation phase of Bitcoin as temporary and as a buying opportunity before the halving.
They are indeed optimistic about an eighteen-mont
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