Bitcoin Has Likely Bottomed as Strategy Shows Resilience Amid Plunge: Bernstein

[Oshosondy]

Let me just quote what an analyst said about bitcoin bottom:

Bernstein analysts wrote in a note on Tuesday that Strategy appears to have weathered the worst of crypto’s latest plunge from all-time highs.
The Bitcoin-buying firm is set to notch its second-largest quarterly Bitcoin addition, partly due to its flagship preferred share, the analysts wrote.
The analysts reaffirmed expectations that Bitcoin hits $150,000 this year, alongside a $440 price target for Strategy’s shares.

The bottom is not what that made me later posted this, but the analysts reaffirmed expectations that bitcoin can hit $150000 this year.

Can this come true?

I still think that bitcoin can not get to an all time high this year.

[philipma1957]

Let me just quote what an analyst said about bitcoin bottom:

Bernstein analysts wrote in a note on Tuesday that Strategy appears to have weathered the worst of crypto’s latest plunge from all-time highs.
The Bitcoin-buying firm is set to notch its second-largest quarterly Bitcoin addition, partly due to its flagship preferred share, the analysts wrote.
The analysts reaffirmed expectations that Bitcoin hits $150,000 this year, alongside a $440 price target for Strategy’s shares.

The bottom is not what that made me later posted this, but the analysts reaffirmed expectations that bitcoin can hit $150000 this year.

Can this come true?

I still think that bitcoin can not get to an all time high this year.

So you are a price 4 year cycle man.

Well maybe you are correct maybe not.

[Fiatless]

The bottom is not what that made me later posted this, but the analysts reaffirmed expectations that bitcoin can hit $150000 this year.

Can this come true?

I still think that bitcoin can not get to an all time high this year.

It's good to hear that Strategy has been able to manage its Bitcoin holdings and is also considering adding more. However, the prediction that the price will hit an ATH this year doesn't sound right to me. My take is that we are in the bear season and shouldn't expect the price to rise to such a price. Nevertheless, global political and economic developments are unpredictable, so the Bitcoin price can still rise to any level.

[EluguHcman]

The bottom is not what that made me later posted this, but the analysts reaffirmed expectations that bitcoin can hit $150000 this year.

Can this come true?

I still think that bitcoin can not get to an all time high this year.

I am not going to lie, during the accumulating phase when bitcoin price fell to the bottom of around $60K, we got the news about Strategies buying more of Bitoin and so ON institutions were buying aggressively which had contributed the rebounds force to the up trends during the very bear market.

Of course during that time the Bitcoin market was seemed glowing with the green light trending and left so many that are emotionally attached to the short term performance of price the hope that the bull-run is back.
Some also expected there was going to be an breakout of other ATHs.
Some just say... The full bull-run event on that phase also had fully been activated but all thoughts failed in their dynamic analytical perspectives.

Still, $150K can not be a promise this year. Same time Bitoin had been showing positive values on consolidation which I don't know but give benefits of doubt that it could longer and peravenly break the $126K current ATH.

[Ambatman]

The reason he gave for the rise is bullocks
Attributing Bitcoin to hit such as a result of Saylors buy
Strategy doesn't proact they react
The amount they can generate is often tied to Bitcoin performance and how investors perceive it
I'm talking about STRC and even ATM
Which has to be done in moderation.

So you are a price 4 year cycle man.

Well maybe you are correct maybe not.

It has been working before
May or may not be different this time.

[AVE5]

The bottom is not what that made me later posted this, but the analysts reaffirmed expectations that bitcoin can hit $150000 this year.

Can this come true?

I still think that bitcoin can not get to an all time high this year.

It's good to hear that Strategy has been able to manage its Bitcoin holdings and is also considering adding more. However, the prediction that the price will hit an ATH this year doesn't sound right to me. My take is that we are in the bear season and shouldn't expect the price to rise to such a price. Nevertheless, global political and economic developments are unpredictable, so the Bitcoin price can still rise to any level.

Bitcoin price no matter how its short term trends may be familiar, predicting its future price on that note can not be as predictable as it may appear that using the event as an analytical data to predict the price may still can't be guaranteed.
We're also in the bear season and very likely to be hopeless that price will probably rise to hit an Ath where we can realize such value of $150,000 according to the speculation.
If we also look at the 4 years this value should be an expectation to catch in 3 year's time during the bull.