Investing.com — topped the $93,000 mark on Tuesday, climbing to a fresh record levels that stoked optimism that the popular crypto could soon target the $100,000 level.
Bitcoin rose 2.9% to $93,345.0 on Tuesday as of 3:09 p.m. ET (20:09 GMT), and had hit a fresh record of $93,751 earlier in the session.
Bitcoin surged by approximately 11% last week, during which it notched an all-time high of nearly $93,500. The rally was fueled by optimism sparked by pro-crypto Donald Trump’s win in the US presidential election.
Bernstein highlights catalysts that could propel Bitcoin to $200K
Analysts at Bernstein have identified several catalysts that could drive Bitcoin’s price to their cycle target of $200,000 by 2025.
“We are entering a stage, where we expect intrigue will turn to pain for the bitcoin bears,” said analysts led by Gautam Chuggani in a Monday note to clients.
Bernstein set their current target in June when Bitcoin…
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