Despite Bitcoin retracing from its recent all-time high of nearly $74,000, there's continued bullish sentiment among analysts.
AllianceBernstein, a global investment firm, recently revised its year-end target for Bitcoin to $90,000, up from the previous estimate of $80,000.
Despite a temporary dip in price to $66,536, Bitcoin recently surpassed silver in market capitalization.
With Bitcoin's upcoming halving event, now anticipated around April 20, where miner rewards are halved every four years, the cryptocurrency's scarcity is set to increase, further bolstering its long-term value proposition.
