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Bernstein сalls Bitcoin selloff the weakest bearish scenario in history, reaffirming $150,000 target
Bernstein has reaffirmed its $150,000 Bitcoin price target, calling the recent decline the “weakest bear market scenario in history,” even as some traders warn that Bitcoin could fall to $50,000. So who should investors believe? Bernstein analysts said the latest Bitcoin sell-off reflects a “self-inflicted confidence crisis” rather than structural damage, describing it as the weakest bear-market setup the asset has ever seen. Based on this assessment, Bernstein reiterated its $150,000 BTC price target in its latest investor note. As reported by The Block, the firm noted that none of the typical bear-market ... (full story)
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