Fundstrat Predicts Bitcoin's Next Highs and Lows: See Both Targets
The New York-headquartered independent global financial research firm Fundstrat has given Bitcoin two directions in its latest note to clients. The prediction comes at a time when BTC is trading around the $64,000 level. The leading cryptocurrency is struggling to stay afloat in 2026 and has been trading in a loop between $65,000 to $58,000. The cryptocurrency is unable to break this cycle and has fallen nearly 45% in a year. This is the reason why Fundstrat has given both an upside and downside target for Bitcoin. The research firm has gauged the sentiments of the market, which is currently not in favor of cryptocurrencies. The money is being flown into the stock market, and specifically into sectors that deal with AI technologies. The wider umbrella of investments goes into semiconductor stocks, high-bandwidth memory (HBM) manufacturers, and renewable energy suppliers, among others. Also Read: Cost Of Mining 1 Bitcoin Is $74k, Higher Than Market Value Bitcoin’s Latest Upside and...