Bitcoin Price Prediction: Bernstein Says BTC May Hit $90K By Year-End As This Green Alternative Presale Hurtles Towards $8 Million
The Bitcoin price dipped slightly in the last 24 hours to trade at $66,399.80 as of 3:00 a.m. EST as investors trimmed holdings going into the weekend. Despite this minor drop in BTC’s value, analysts at Bernstein maintain a bullish outlook towards the crypto for 2024. In a recent report, Bernstein raised its year-end target for BTC to $90K from $80K previously. The Bitcoin Price Breaks Above A Major Resistance 4-hour chart for BTC/USDT (Source: TradingView ) The Bitcoin price printed a second higher low on its 4-hour chart in the last 12 hours. This not only led to the leading cryptocurrency rising above the $65,847.29 resistance level, but also resulted in the formation of a positive trend line. Should BTC close the next two 4-hour candles above this threshold, it could have a strong technical platform to break away from. This may lead to the crypto king attempting a challenge at the $68,863.99 barrier before potentially rising to as high as $72,564.10 in the short term. ...