{"id":12442,"date":"2026-08-27T06:02:15","date_gmt":"2026-08-27T06:02:15","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12442"},"modified":"2026-08-27T06:02:15","modified_gmt":"2026-08-27T06:02:15","slug":"bitcoin-eyes-83k-confirmation-as-bernstein-bets-on-1m-by-2033","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12442","title":{"rendered":"Bitcoin Eyes $83K Confirmation as Bernstein Bets on $1M by 2033"},"content":{"rendered":"

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  • Bitcoin rallied over 25% in a week, but needs a close above US$83,000 to officially confirm a new bull market.<\/span><\/li>\n
  • Swyftx analyst Pav Hundal warns the US$80-83k band has capped rallies before, and buyers now need a fresh weekly high to break out of it.<\/span><\/li>\n
  • CryptoQuant\u2019s Bull Score has jumped from 30 to 80, though short-term holders have already banked US$1.2 billion in profits.<\/span><\/li>\n
  • Bernstein predicts Bitcoin could hit US$300,000 by 2029 and US$1 million by 2033, even as rising exchange inflows hint at more sell pressure ahead.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    Bitcoin\u2019s up over 25% since last week, and analysts at CryptoQuant reckon a new bull run has quietly begun. Though not officially just yet.<\/p>\n

    For that stamp of approval, price needs to close above the 365-day moving average, sat around US$83,000 (AU$115,563). Bitcoin\u2019s currently hovering below it, near US$79,000 (AU$109,994).<\/p>\n

    Two things are at play according to the analysts: the US Treasury doubling its long-term bond buybacks from September, and Trump musing that Washington might start buying Bitcoin itself. Markets, predictably, got excited.<\/p>\n

    Read also:<\/strong> <\/strong>Strategy Raises $2 Billion Without Buying More Bitcoin<\/strong><\/p>\n

    BTC Near Key Levels, Says Analyst<\/h2>\n

    It\u2019s not the first time this zone\u2019s played spoilsport. Swyftx Lead Analyst Pav Hundal points out that the same US$80-83k (AU$111.4k-115.5k) band capped Bitcoin\u2019s last leg-up back in May, exactly where this latest rally\u2019s weekly close landed too.<\/p>\n

    Hundal asked in his latest analysis:<\/p>\n

    \n
    \n
    \n

    Could this key level prove to be another barrier for BTC? Or could it provide the springboard for a move higher?<\/p>\n<\/div>\n

    \n Swyftx Lead Analyst Pav Hundal <\/div>\n<\/div>\n

    His view: watch whether buyers can force a new weekly higher high in the next few days. Fail to do that, and last week\u2019s rally starts looking like a short squeeze that ran out of steam rather than the start of something bigger.<\/p>\n

    CryptoQuant\u2019s Bull Score has leapt from 30 to 80 in a week, the strongest reading since October, when BTC was flirting with US$124,000 (AU$172,662). Eight of ten metrics the firm tracks are now bullish. Spot and futures demand are climbing together for the first time since Bitcoin\u2019s last all-time high.<\/p>\n

    Not everyone\u2019s cashing in calmly, though. Short-term holders pocketed US$1.2 billion (AU$1.67 billion) in profits in just three days, including a single-day record of US$614 million (AU$854 million).<\/p>\n

    Exchange inflows across Bitcoin, Ethereum and XRP have all jumped to multi-month highs, mostly landing on Binance, which is usually a sign people fancy selling.<\/p>\n

    Bernstein\u2019s Bold Prediction<\/h2>\n

    Meanwhile, researchers at Bernstein, a prominent Wall Street firm, have made new bullish claims. They call for US$125,000 (AU$174,012) \u2013 base or bull case \u2013 per BTC by late 2026.<\/p>\n

    According to a report seen by Cointelegraph<\/em>, Bernstein\u2019s base case has Bitcoin hitting US$150,000 (AU$208,825) by mid-2027, then climbing to a cycle peak around US$300,000 (AU$417,651) in 2029.<\/p>\n

    Read more:<\/strong> <\/strong>XRP Up 44% as Korean Bank Taps Ripple for Cross-Border Payments<\/strong><\/p>\n

    The upside scenario goes even further: US$200,000 (AU$278,438) by mid-2027 and US$500,000 (AU$696,097) by 2029.<\/p>\n

    Either way, the long-term target doesn\u2019t budge. Bernstein\u2019s sticking with roughly US$1 million (AU$1.39 million) by 2033, base case or bull case.<\/p>\n

    The logic leans on Bitcoin\u2019s old four-year rhythm, tied to the halving, which is the periodic event that slashes miner rewards. Bernstein slices each cycle into four stages: breakout, hype, drawdown, accumulation.<\/p>\n<\/p><\/div>\n

    Bernstein,Bitcoin,Market Analysis#Bitcoin #Eyes #83K #Confirmation #Bernstein #Bets1787810535<\/p>\n","protected":false},"excerpt":{"rendered":"

    Bitcoin rallied over 25% in a week, but needs a close above US$83,000 to officially confirm a new bull market. Swyftx analyst Pav Hundal warns the US$80-83k band has capped rallies before, and buyers now need a fresh weekly high to break out of it. CryptoQuant\u2019s Bull Score has jumped from 30 to 80, though<\/p>\n","protected":false},"author":1,"featured_media":12443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[6458,3725,1360,91,5927,429],"class_list":["post-12442","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-83k","tag-bernstein","tag-bets","tag-bitcoin","tag-confirmation","tag-eyes"],"yoast_head":"\nBitcoin Eyes $83K Confirmation as Bernstein Bets on $1M by 2033 - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=12442\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Eyes $83K Confirmation as Bernstein Bets on $1M by 2033\" \/>\n<meta property=\"og:description\" content=\"Bitcoin rallied over 25% in a week, but needs a close above US$83,000 to officially confirm a new bull market. 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