"Bitcoin Price Forecast: Traders Eye $60K Support Amid Market Recovery"

Bitcoin's price surged to a record high of $73,000 before dropping back to around $68,000, with experts predicting a bullish outlook despite short-term volatility. Analysts at Bernstein forecast a price of $150,000 by mid-2023, while Galaxy Digital CEO Michael Novogratz believes the price won't dip below $50,000 again. JPMorgan remains cautious, suggesting a potential 33% drop after the upcoming halving event, while Microstrategy CEO Michael Saylor sees bitcoin as a digital alternative to gold and expects dwindling supplies to drive further price increases.