According to Foresight News, Bernstein analysts have reiterated their previous prediction that the Bitcoin bull run is far from over, despite a slight drop in the cryptocurrency's price in recent weeks. They anticipate that by the end of 2025, Bitcoin will reach $150,000 in this cycle.
The analysts pointed out that the recent pullback of Bitcoin to a local low of approximately $57,000 effectively 'cleared the excessive leverage of futures contracts on cryptocurrency exchanges'. After eight consecutive days of outflows, the Bitcoin exchange-traded fund in the United States has resumed net inflows. Even the Grayscale converted GBTC ETF, after 78 consecutive days of outflows, recorded a net inflow of $63 million on Friday.
