BTIG Sees Potential for Bitcoin Rally to $100,000 as Cryptocurrency Stabilizes

Financial firm BTIG has issued a bullish outlook on Bitcoin’s price trajectory, predicting a strong rebound towards the $100,000 level after recent turbulence. The analysts cite factors like expanding DeFi applications and growing institutional interest as potential drivers for this rally. However, they acknowledge that Bitcoin remains down 20% in the past month due to macroeconomic pressures, particularly investor caution regarding AI stock valuations and mixed US economic data.