Bitcoin set for a rebound that could stretch toward $100000, BTIG says
Market Intelligence Analysis
AI-PoweredBTIG predicts a potential rebound in Bitcoin, potentially reaching $100,000, due to oversold conditions and historical seasonal trends.
Market impact analysis based on bullish sentiment with 78% confidence.
Article Context
Investing.com -- Bitcoin’s latest rebound could take the token back toward $100000 as oversold conditions and seasonal trends turn more supportive, BTIG said. Bitcoin has dropped 36% from its peak but is now oversold and entering a period that has historically marked a turning point."we think Bitcoin is now poised to continue its reflex rally at least back towards 100k," said Jonathan Krinsky of BTIG. The average seasonal pattern shows the cryptocurrency tends to bottom around November 26 and ga
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