Bitcoin’s price recently crossed the $92,000 mark, a significant rise from the previous low of $88,000. During this period, Bitcoin reached a seven-day high of $92,203. Experts suggest this price movement signals a break from the historic four-year market cycle, which typically peaks every four years. Analysts at Bernstein indicate that Bitcoin is entering a long-term bull market driven by institutional purchases that balance out retail investor sales. Despite an approximate 30% price drop, outflows from exchange-traded funds (ETFs) have remained limited.
Bernstein has set a Bitcoin price target of $150,000 for 2026 and projects the cycle could reach around $200,000 by 2027. Long-term forecasts suggest the price could hit $1 million per Bitcoin by 2033. Meanwhile, Wall Street’s prominent bank JP Morgan is optimistic about Bitcoin’s prospects over the next year, with its analyst group forecasting a potential rise to $170,000 within six to twelve months, factoring in gold-related volatility and mining costs.
At the corporate level, MicroStrategy remains the largest Bitcoin holder, owning approximately 660,624 Bitcoins. The company recently purchased an additional 10,624 Bitcoins, increasing its total holdings. It maintains strong financial resources, including over $1 billion in reserves for interest and dividend payments. Overall, Bitcoin’s market capitalization is now close to $1.82 trillion, with roughly 19.96 million Bitcoins in circulation out of a maximum supply capped at 21 million. Experts view these developments as signs of a new era beginning in the Bitcoin market.
Source: bitcoinmagazine
