Cantor Fitzgerald predicts that Bitcoin could reach its cyclical floor within the coming months. The shareholder vote on the merger between Cantor Equity Partners and Bitcoin Standard Treasury has been postponed to July 10, with the proposed merger valued at approximately $4 billion and backed by Blockstream CEO Adam Back. Bernstein analysts maintained their year-end Bitcoin price target of $150K despite a 54% market drawdown, describing the current drawdown as milder compared to previous crypto bear cycles.
Bernstein analysts maintained their $150K year-end Bitcoin target, viewing the recent 54% drawdown as a typical mid-cycle correction.
Read the full storyCantor Equity Partners I has rescheduled its shareholder vote for the $4 billion merger with Bitcoin Standard Treasury to July 10.
Amid shifting dynamics in the crypto market, recent technical analysis suggests Bitcoin is entering an accumulation zone that could result in months of sideways or lower price action.