Bernstein analysts said that Bitcoin “took a pause”, having played the successful launch of Bitcoin-ETF and the election of the premise president in the United States.

The catalyst for the next stage of the bull market can be the initiatives of the target group in cryptocurrencies, the creation of a national bitcoin reserve in the United States, as well as an increase in the positions of banks.

The most popular position on the Deribit cryptoderivat Exchange in February became a call from Bitcoin for $ 110,000 with a deadline for March 28. Buyers of these contracts have already paid a total pure bonus over $ 6 million for bull risk.

Despite the “restrained confidence”, the growing inflation and the outflow of liquidity due to the decline in the tokens limited the growth potential, experts say. A number of positive news as, for example, Abu Dhabi’s investments, did not lead to the growth of quotations.

The analytical company BERNSTEIN is an American investment company that provides investment services to financial institutions and private clients through investment funds, and also provides analytical and brokerage services.