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25 March 2024
Analysts at Bernstein considered the correction a good buying opportunity “at the lows.”

The current correction in the price of digital gold from the level of $73,000 marks a temporary opportunity for “buying at the lows” ahead of the April halving, according to researchers at Bernstein, as reported by The Block.

Charts illustrate the consolidation of digital gold quotes ahead of previous halvings.

They believe that subsequently, the bull market will resume, and by 2025, the leading cryptocurrency will rise to $150,000.

It is worth reminding that Bernstein experts forecasted the cryptocurrency market to grow to $7.5 trillion by the end of 2025.

In particular, analysts predicted the capitalization of Bitcoin to reach $3 trillion, Ethereum to $1.8 trillion, and other leading projects such as Solana and Avalanche to a combined total of $1.4 trillion.

Earlier, Bernstein researchers stated that they expect accelerated recovery in the DeFi segment amid the rise of the first cryptocurrency and a strong influx of capital into spot ETFs.