BitcoinThat’s according to analysts at investment firm AllianceBernstein, who said in a Monday report that they “feel even better” about their The analysts at the leading financial firm set the optimistic mark last year. Despite current market conditions, they see a long bull run ahead.“We believe we are in mere first quartile of this cycle, and the market has another 15-18 months before we consider this market topping out,” analysts Gautam Chhugani and Mahika Sapra wrote. They are not the only experts that say $150,000 is within sight.British multinational bank Standard Chartered The analysts from both firms saw the January launch of “ETF issuers continue to provide positive feedback from their dialogues with asset allocators, and this cycle we have seen the best institutional marketing engines at work (aka BlackRock, Fidelity),” the Bernstein pair wrote.They also argued that demand for the newly approved ETFs will continue, thus further driving up the price of the digital coin. The funds saw both low lows and high highs Back in January, the U.S. Securities and Exchange Commission Buoyed by ETF fever, the Over the weekend, however, ETF outflows reversed course as money again flooded into the funds. The recent upward trajectory “cleaned up the excess leverage on futures contracts on crypto exchanges,” the Bernstein analysts said, suggesting that it’s only up from here.
