Coinspeaker
Bitcoin Price: Bernstein Analysts Reiterate Their $150K Bet

There is so much optimism surrounding the possibility of the price of Bitcoin (BTC) hitting a new massive All-Time High (ATH) in no distant time.

Bitcoin price has retracted significantly in the last few weeks after surpassing $73,000 in March. At the time of this writing, the flagship cryptocurrency was trading at $65,214.59 with a 2.57% increase in the last 24 hours, according to CoinMarketCap.

Bitcoin Price Is Far from Done

This price level has not done much to deter analysts at Bernstein who recently reiterated that the price of Bitcoin may hit $150,000 this cycle. Much more, Gautam Chhugani and Mahika Sapra cited a variety of factors when doubling down on their Bitcoin prediction.

“We feel even better about that call and BTC metrics indicate a healthy cycle, still in its early stages. Risk-reward here remains attractive,” the two analysts wrote.

In mid-April, Chhugani and Sapra, two senior Bernstein analysts first shared their strong optimism of the price of Bitcoin hitting $150,000. The prediction came a few days before the ha...