The current correction in the price of digital gold from the level of $73,000 to around $63,000 is a temporary opportunity to “buy at the bottom” before the April halving. This opinion was expressed by Bernstein researchers, reports The Block.
The charts below illustrate the consolidation of digital gold prices ahead of past halvings:
In their opinion, the bull market will subsequently resume, and in 2025 the first cryptocurrency will rise to $150,000.
Bernstein experts predicted the growth of the cryptocurrency market to $7.5 trillion by the end of 2025.
In particular, analysts predicted an increase in the capitalization of Bitcoin to $3 trillion, Ethereum to $1.8 trillion, and other leading projects like Solana and Avalanche to a total of $1.4 trillion.
Earlier, Bernstein researchers said that they expect an accelerated recovery in the DeFi segment amid the growth of the first cryptocurrency and a powerful influx of capital into spot ETFs.
Source: Cryptocurrency
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