Bitcoin just bounced back above 70k after dipping earlier today. Pretty interesting timing given all the noise in the market lately. Bernstein's been pretty vocal about their 150k target, and honestly, the bear case doesn't seem to be getting much traction among the bigger players right now. At 73k now, we're sitting pretty close to that 70k level everyone was watching. The thing is, whenever these bear case arguments pop up, institutions seem to just shrug them off and keep accumulating. Bernstein's thesis seems to be resonating more than the doom-and-gloom takes. Not saying the bear case is wrong, but the momentum definitely feels different this cycle. The fact that we're holding above 70k despite the early pullback suggests there's real support here. Curious to see if this pushes toward that 150k target or if the bear case finally gets its moment.

BTC-1,72%
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