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@UndyingValue 2 months ago

BTIG sees Bitcoin rebounding to $100k and likes MSTR at current levels

BTIG sees Bitcoin rebounding to $100k and likes MSTR at current levels

BTIG says Bitcoin looks oversold and could rally back toward $100k. They noted that historically, late November marks a bottom for crypto and seasonality is turning positive. They also see Ethereum potentially moving back to $3400. On the equity side, they pointed out resilience in mining stocks, specifically flagging Cipher Mining and Terawulf. They also have a buy rating on MicroStrategy with a $630 price target, noting the stock is sitting at strong support after dropping 63% from its highs.
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