Bitcoin Breaks Through $4.8M: What's Next

The shock after Bitcoin broke through 4.8 million U.S. dollars may have made many people undecided, but judging from various data and market volume ratios, the holding structure of giant whales and institutions is in a stable state, especially Wall Street investment bank Bernstein ( Bernstein analysts believe that no major challenges are expected this year to prevent Bitcoin from rising to an all-time high of $69,000, and may even exceed $70,000.Analysts Gautam Chhugani and Mahika Sapra wrote in a note to investors: "While we do not expect the market to climb directly to all-time highs without volatility, at current prices, we are optimistic that "Satisfactory risk reward for the remainder of 2024."

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