Derived from Odaily, BTIG analyst Jonathan Krinsky said Bitcoin is expected to rebound to $100,000 after a 36% drop from peak to trough earlier this month. Bitcoin recently traded at $92,451.30, up nearly 10% in five days but down 20% in a month. Cipher Mining and Terawulf, two crypto mining stocks, rose 35% and 31% respectively since Monday. The Barclays Crypto Mining Index has held support and could rise 15% before facing stronger resistance. Ethereum, the second-largest cryptocurrency by market cap, is also seen recovering to $3,400 after a 24% monthly decline. Solana and XRP rose 12% and 15% in the same period.
BTIG Analyst Predicts Bitcoin Could Rebound to $100,000, Mining Stocks Rise
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