Bitcoin Price Could Surge to $150,000 by 2025 Due to Halving and Institutional Investment, Analysts Say
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Bitcoin could reach $150,000 by 2025 due to the halving event and institutional inflows from Bitcoin ETFs, according to AllianceBernstein analysts.
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Bitcoin is up over 120% year-to-date but still down 45% from its November 2021 peak.
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Bitcoin tends to follow 4-year cycles with phases of breakout, hype, correction, and accumulation based on halving events.
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The next halving event is expected in April 2023 which could drive a new bull run.
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AllianceBernstein analysts believe Bitcoin ETF approval is priced in already, and flows may start slower but build momentum post-halving to a 2025 peak.