Deutsche Bank Sees Bitcoin Returning to $28,000 by Year-End

Jun 30,2022
KingData News: Given how closely it has been trading with US stocks, Bitcoin could reach as high as $28,000 by the end of the year, according to an analysis from Deutsche Bank. Cryptocurrencies have been -- since November -- increasingly correlated to benchmarks like the tech-heavy Nasdaq 100 and the S&P 500, the analysis by Laboure and Pozdnyakova suggested. The bank’s strategists predict the S&P will recover to January levels by year-end and Bitcoin may come along for the ride. (Bloomberg)
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