Bernstein Calls Bitcoin Crash A ‘Crisis Of Confidence,’ Maintains $150,000 Target

Despite a sharp decline in Bitcoin (BTC) prices si

Bernstein Calls Bitcoin Crash A ‘Crisis Of Confidence,’ Maintains 0,000 Target

Bernstein Calls Bitcoin Crash A ‘Crisis Of Confidence,’ Maintains $150,000 Target

Despite a sharp decline in Bitcoin (BTC) prices since last October, analysts at Bernstein argue that the current downturn does not resemble a traditional crypto bear market. 

The 1-D chart shows BTC recovering the key $70,000 level on Monday. Source: BTCUSDT on TradingView.com

As of this writing, Bitcoin is trading at $70,627, having recorded losses of 20% and 22% over the past fourteen and thirty days, respectively. 

Featured image from OpenArt, chart from TradingView.com 

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