{"id":610285,"date":"2024-05-29T00:00:49","date_gmt":"2024-05-29T00:00:49","guid":{"rendered":"https:\/\/wncen.com\/?p=610285"},"modified":"2024-06-11T07:20:04","modified_gmt":"2024-06-11T07:20:04","slug":"bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/","title":{"rendered":"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year’s End, According To Bernstein"},"content":{"rendered":"

Bitcoin (BTC), the largest cryptocurrency in the market, has experienced price volatility amid its struggle to consolidate above the crucial $70,000 resistance line. Recent <\/span>reports <\/span><\/a>of the collapsed Mt.Gox exchange processing payouts to its creditors have added to the cautious sentiment.\u00a0<\/span><\/p>\n

However, wealth management firm Bernstein remains bullish, predicting significant growth in the Bitcoin ETF market and projecting <\/span>higher price targets<\/span><\/a> for BTC.\u00a0<\/span><\/p>\n

In addition, The Birb Nest’s technical analysis reinforces market optimism, highlighting key support levels and indicating positive sentiment.\u00a0<\/span><\/p>\n

Long-Term Bullish Outlook For Bitcoin<\/span><\/h2>\n

Despite its recent inability to breach the $70,000 resistance level, Bitcoin remains well-positioned to surpass its all-time high of $73,700 reached on March 14. Wealth management firm Bernstein <\/span>predicts <\/span><\/a>substantial growth in the Bitcoin ETF market, estimating it to reach a remarkable $450 billion.\u00a0<\/span><\/p>\n

Related Reading: Why The Bitcoin Halving Is Not Priced In And What\u2019s Next: Expert<\/a><\/div>\n

The report also suggests that over $100 billion will flow into crypto ETFs within two years. Notably, these inflows into the ETF market are expected to be a significant price catalyst for BTC. The firm predicts a target price of $90,000 for Bitcoin by the end of this year and a projected <\/span>cycle high<\/span><\/a> of $150,000 in 2025.<\/span><\/p>\n

On the other hand, The Birb Nest, a trading firm, conducted a comprehensive technical analysis of the Bitcoin market and highlighted its share of bullish indicators for the Bitcoin price in the long run.\u00a0<\/span><\/p>\n

Bullish Indicators Reinforce Market Optimism<\/span><\/h2>\n

The <\/span>analysis <\/span><\/a>conducted by The Birb Nest shows that the 50-week and 200-week simple moving averages (SMAs) are at $43,950 and $35,358, respectively, reinforcing optimism in the market. In addition, the 7-week SPX correlation coefficient is currently at 0.36, which is a bullish sign for BTC.\u00a0<\/span><\/p>\n

The 200-day Bitcoin Production Cost (BPRO) trend support is $62,580, while the 200-day SMA support is $53,516. The <\/span>Relative Strength Index<\/span><\/a> (RSI) is at 59, indicating increased buying interest, although the 50-day Momentum is stalled at 49.\u00a0<\/span><\/p>\n

Related Reading: Polkadot (DOT) Price Prediction: Analyst Sparks Bullish Frenzy With $10 Target<\/a><\/div>\n

The Fear & Greed Index stands at 74, indicating “greed” and strong market optimism. However, according to the firm, caution is advised to avoid potential overextensions.\u00a0<\/span><\/p>\n

However, The Birb Nest notes that the Net Unrealized Profit and Loss (NUPL) indicator stands at 0.57, suggesting that a significant portion of the market is currently profitable, which could lead to increased selling pressure as investors <\/span>capitalize on profits.\u00a0<\/span><\/p>\n

\"Bitcoin
The daily chart shows BTC’s price consolidation below $70,000. Source: BTCUSD on TradingView.com<\/a><\/figcaption><\/figure>\n

Currently, BTC is trading at $67,900, down 3% from Monday’s price and over 3% in the past seven days, showing the cryptocurrency’s struggle to break above higher resistance levels, which are located at $69,500 and $70,000 on the BTC\/USD daily chart.\u00a0<\/span><\/p>\n

Conversely, bulls must hold the next support levels for BTC at $67,000, $66,500, and $63,800 to avoid a potential loss of the cryptocurrency’s key $60,000 milestone.\u00a0<\/span><\/p>\n

Featured image from Shutterstock, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC), the largest cryptocurrency in the market, has experienced price volatility amid its struggle to consolidate above the crucial $70,000 resistance line. Recent reports of the collapsed Mt.Gox exchange processing payouts to its creditors have added to the cautious sentiment.\u00a0 However, wealth management firm Bernstein remains bullish, predicting significant growth in the Bitcoin ETF market and projecting higher price targets for BTC.\u00a0 In addition, The Birb Nest’s technical analysis reinforces market optimism, highlighting key support levels and indicating positive sentiment.\u00a0 Long-Term Bullish Outlook For Bitcoin Despite its recent inability to breach the $70,000 resistance level, Bitcoin remains well-positioned to surpass its all-time high of $73,700 reached on March 14. Wealth management firm Bernstein predicts substantial growth in the Bitcoin ETF market, estimating it to reach a remarkable $450 billion.\u00a0 Related Reading: Why The Bitcoin Halving Is Not Priced In And What\u2019s Next: Expert The report also suggests that over $100 billion will flow into crypto ETFs within two years. Notably, these inflows into the ETF market are expected to be a significant price catalyst for BTC. The firm predicts a target price of $90,000 for Bitcoin by the end of this year and a projected cycle high of $150,000 in 2025. On the other hand, The Birb Nest, a trading firm, conducted a comprehensive technical analysis of the Bitcoin market and highlighted its share of bullish indicators for the Bitcoin price in the long run.\u00a0 Bullish Indicators Reinforce Market Optimism The analysis conducted by The Birb Nest shows that the 50-week and 200-week simple moving averages (SMAs) are at $43,950 and $35,358, respectively, reinforcing optimism in the market. In addition, the 7-week SPX correlation coefficient is currently at 0.36, which is a bullish sign for BTC.\u00a0 The 200-day Bitcoin Production Cost (BPRO) trend support is $62,580, while the 200-day SMA support is $53,516. The Relative Strength Index (RSI) is at 59, indicating increased buying interest, although the 50-day Momentum is stalled at 49.\u00a0 Related Reading: Polkadot (DOT) Price Prediction: Analyst Sparks Bullish Frenzy With $10 Target The Fear & Greed Index stands at 74, indicating “greed” and strong market optimism. However, according to the firm, caution is advised to avoid potential overextensions.\u00a0 However, The Birb Nest notes that the Net Unrealized Profit and Loss (NUPL) indicator stands at 0.57, suggesting that a significant portion of the market is currently profitable, which could lead to increased selling pressure as investors capitalize on profits.\u00a0 Currently, BTC is trading at $67,900, down 3% from Monday’s price and over 3% in the past seven days, showing the cryptocurrency’s struggle to break above higher resistance levels, which are located at $69,500 and $70,000 on the BTC\/USD daily chart.\u00a0 Conversely, bulls must hold the next support levels for BTC at $67,000, $66,500, and $63,800 to avoid a potential loss of the cryptocurrency’s key $60,000 milestone.\u00a0 Featured image from Shutterstock, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":610287,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,485,532,91472,90555,9960,656,679,755,768,1119,1144,8390,78790,6664,14690,1558],"class_list":["post-610285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-chart","tag-bitcoin-etf","tag-bitcoin-etf-inflows","tag-bitcoin-etf-news","tag-bitcoin-etfs","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-technical-analysis","tag-bitcoin-trading","tag-btc","tag-btcusd","tag-btcusd-price","tag-btcusdt","tag-crypto","tag-crypto-news","tag-cryptocurrency"],"acf":[],"yoast_head":"\nBullish Outlook: Target Price Of $90,000 For Bitcoin By Year's End, According To Bernstein<\/title>\n<meta name=\"description\" content=\"Bitcoin has struggled to surpass the $70K resistance line. Recent reports of Mt.Gox processing payouts have added to the cautious sentiment.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year's End, According To Bernstein\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has struggled to surpass the $70K resistance line. Recent reports of Mt.Gox processing payouts have added to the cautious sentiment.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-29T00:00:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:20:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260\" \/>\n\t<meta property=\"og:image:width\" content=\"391\" \/>\n\t<meta property=\"og:image:height\" content=\"260\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year’s End, According To Bernstein\",\"datePublished\":\"2024-05-29T00:00:49+00:00\",\"dateModified\":\"2024-06-11T07:20:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/\"},\"wordCount\":491,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260\",\"keywords\":[\"bitcoin\",\"Bitcoin chart\",\"Bitcoin ETF\",\"Bitcoin ETF Inflows\",\"Bitcoin ETF news\",\"Bitcoin ETFs\",\"Bitcoin news\",\"bitcoin price\",\"bitcoin technical analysis\",\"bitcoin trading\",\"btc\",\"btcusd\",\"btcusd price\",\"BTCUSDT\",\"crypto\",\"crypto news\",\"cryptocurrency\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/\",\"url\":\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/\",\"name\":\"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year's End, According To Bernstein\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260\",\"datePublished\":\"2024-05-29T00:00:49+00:00\",\"dateModified\":\"2024-06-11T07:20:04+00:00\",\"description\":\"Bitcoin has struggled to surpass the $70K resistance line. Recent reports of Mt.Gox processing payouts have added to the cautious sentiment.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260\",\"width\":391,\"height\":260,\"caption\":\"Bonk Inu\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year’s End, According To Bernstein\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/wncen.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year's End, According To Bernstein","description":"Bitcoin has struggled to surpass the $70K resistance line. Recent reports of Mt.Gox processing payouts have added to the cautious sentiment.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/","og_locale":"en_US","og_type":"article","og_title":"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year's End, According To Bernstein","og_description":"Bitcoin has struggled to surpass the $70K resistance line. Recent reports of Mt.Gox processing payouts have added to the cautious sentiment.\u00a0","og_url":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-05-29T00:00:49+00:00","article_modified_time":"2024-06-11T07:20:04+00:00","og_image":[{"width":391,"height":260,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year’s End, According To Bernstein","datePublished":"2024-05-29T00:00:49+00:00","dateModified":"2024-06-11T07:20:04+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/"},"wordCount":491,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260","keywords":["bitcoin","Bitcoin chart","Bitcoin ETF","Bitcoin ETF Inflows","Bitcoin ETF news","Bitcoin ETFs","Bitcoin news","bitcoin price","bitcoin technical analysis","bitcoin trading","btc","btcusd","btcusd price","BTCUSDT","crypto","crypto news","cryptocurrency"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/","url":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/","name":"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year's End, According To Bernstein","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260","datePublished":"2024-05-29T00:00:49+00:00","dateModified":"2024-06-11T07:20:04+00:00","description":"Bitcoin has struggled to surpass the $70K resistance line. Recent reports of Mt.Gox processing payouts have added to the cautious sentiment.\u00a0","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260","width":391,"height":260,"caption":"Bonk Inu"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year’s End, According To Bernstein"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/wncen.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year’s End, According To Bernstein","url":"http:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin chart","bitcoin etf","bitcoin etf inflows","bitcoin etf news","bitcoin etfs","bitcoin news","bitcoin price","bitcoin technical analysis","bitcoin trading","btc","btcusd","btcusd price","btcusdt","crypto","crypto news","cryptocurrency"],"dateCreated":"2024-05-29T00:00:49Z","datePublished":"2024-05-29T00:00:49Z","dateModified":"2024-06-11T07:20:04Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bullish Outlook: Target Price Of $90,000 For Bitcoin By Year’s End, According To Bernstein\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bullish-outlook-target-price-of-90000-for-bitcoin-by-years-end-according-to-bernstein\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Downpic.cc-2436624303.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Downpic.cc-2436624303.jpg?fit=391%2C260\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin chart\",\"bitcoin etf\",\"bitcoin etf inflows\",\"bitcoin etf news\",\"bitcoin etfs\",\"bitcoin news\",\"bitcoin price\",\"bitcoin technical analysis\",\"bitcoin trading\",\"btc\",\"btcusd\",\"btcusd price\",\"btcusdt\",\"crypto\",\"crypto news\",\"cryptocurrency\"],\"dateCreated\":\"2024-05-29T00:00:49Z\",\"datePublished\":\"2024-05-29T00:00:49Z\",\"dateModified\":\"2024-06-11T07:20:04Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/Downpic.cc-2436624303.jpg?fit=391%2C260","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/610285"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=610285"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/610285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/610287"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=610285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=610285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=610285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}