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Frank Chaparro: Bernstein revises $150K Bitcoin target as cycle faces challenges

Frank Chaparro: Bernstein revises $150K Bitcoin target as cycle faces challenges
Bernstein sees ambitious Bitcoin target

Frank Chaparro reports that Bernstein considers its $150,000 year-end target for Bitcoin to be ambitious following the latest correction in the market.

Despite this reassessment, the firm maintains the view that the broader cycle will eventually turn upward for the cryptocurrency.

Chaparro previously reported that JPMorgan found bitcoin mining economics had worsened as BTC traded below production cost, putting pressure on miners. In another recent piece, he noted that prediction markets set consecutive weekly notional volume records at $10.8 billion and $13.9 billion. These developments come amid increased scrutiny on digital asset markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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