BTIG analyst Jonathan Krinsky predicts Bitcoin could rebound to $100,000 following a recent 36% decline. Bitcoin is currently trading at $92,451.30, marking a 10% increase over five days, though it remains 20% lower over the past month.
Crypto mining stocks have responded positively, with Cipher Mining and Terawulf seeing gains of 35% and 31% respectively since Monday. The Barclays Crypto Mining Index has maintained support and may rise another 15% before encountering significant resistance. Meanwhile, Ethereum is projected to recover to $3,400 after a 24% monthly drop, while Solana and XRP have increased by 12% and 15% respectively.
BTIG Analyst Forecasts Bitcoin Surge to $100,000, Mining Stocks Climb
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