{"id":11772,"date":"2024-03-19T19:31:02","date_gmt":"2024-03-19T17:31:02","guid":{"rendered":"https:\/\/forklog.com\/en\/bernstein-analysts-view-correction-as-a-prime-buying-opportunity\/"},"modified":"2024-03-19T19:31:02","modified_gmt":"2024-03-19T17:31:02","slug":"bernstein-analysts-view-correction-as-a-prime-buying-opportunity","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bernstein-analysts-view-correction-as-a-prime-buying-opportunity\/","title":{"rendered":"Bernstein Analysts View Correction as a Prime Buying Opportunity"},"content":{"rendered":"<p>The current price correction of digital gold from $73,000 to around $63,000 is seen as a temporary opportunity for &#8220;buying the dip&#8221; ahead of the April halving. This perspective was shared by Bernstein researchers, reports <a href=\"https:\/\/www.theblock.co\/post\/283424\/bitcoin-consolidation-offers-dip-buying-opportunity-before-halving-bernstein\">The Block<\/a>.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;We believe the current phase of bitcoin consolidation is temporary. It offers a dip-buying opportunity before the upcoming block reward halving,&#8221; noted analysts Gautam Chhugani and Mahika Sapra.<\/cite><\/p><\/blockquote>\n<p>The charts below illustrate the consolidation of digital gold prices ahead of previous halvings:<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Screenshot-2024-03-19-at-13.webp\" alt=\"Screenshot-2024-03-19-at-13\" class=\"wp-image-228738\"\/><figcaption class=\"wp-element-caption\">Data: Bernstein, The Block.<\/figcaption><\/figure>\n<p>In their view, the bull market will resume subsequently, and in 2025 the first cryptocurrency will rise to $150,000.\u00a0<\/p>\n<p>Earlier, Bernstein experts forecasted the growth of the cryptocurrency market to $7.5 trillion by the end of 2025.<\/p>\n<p>Specifically, analysts predicted a surge in bitcoin&#8217;s market capitalization to $3 trillion, Ethereum to $1.8 trillion, and other leading projects like Solana and Avalanche to a combined $1.4 trillion.<\/p>\n<p>Previously, Bernstein researchers mentioned that they expect an accelerated recovery of the DeFi segment amid the rise of the first cryptocurrency and a strong inflow of capital into spot ETFs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current price correction of digital gold from $73,000 to around $63,000 is seen as a temporary opportunity for &#8220;buying the dip&#8221; ahead of the April halving. This perspective was shared by Bernstein researchers, reports The Block.<\/p>\n","protected":false},"author":1,"featured_media":11771,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,160],"class_list":["post-11772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-halving"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11772"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11772\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11771"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}