According to BitcoinSistemi, major financial firm BTIG analysts have warned that Bitcoin (BTC) bears should be cautious, as the cryptocurrency could rally back to $100,000 following a 36% drop this month. Jonathan Krinsky, a BTIG analyst, noted in a client note that Bitcoin is currently trading at $90,451, up nearly 10% in five days, but still down 20% in the past month due to macroeconomic and crypto-specific pressures. Despite selling pressure and profit-taking by long-term investors, BTIG believes Bitcoin will recover some losses by year-end. The analysts also highlighted strong performances by crypto miners Cipher Mining and Terawulf, which are up 35% and 31% respectively since the week began.
BTIG Analysts Predict Bitcoin Could Rally to $100,000 Amid Market Volatility
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