“TD Cowen stated that by December bitcoin could reach $ 155,000 within the optimistic scenario. In this regard, Investbank has increased the target price of Strategy (MSTR) from $ 590 to $ 680, reports The Block. The basic forecast is $ 128,000, and pessimistic – $ 55,000. At the time of writing the company, the company went up by 3.78% and traded on […]”, – WRITE: Businessua.com.ua
TD Cowen stated that by December bitcoin could reach $ 155,000 within the optimistic scenario. In this regard, Investbank has increased the target price of strategy (Mstr) with $ 590 to $ 680, reports The Block.
The basic forecast is $ 128,000, and pessimistic – $ 55,000. At the time of writing the company, the company went up by 3.78% and traded at $ 451.01. The MSTR papers have become a kind of proxy for bitcoin, as their value increases with the bursts of interest in cryptocurrency.
Source: Google Finance.
TD Cowen analysts have noted that Strategy continues to increase bitcoin reserves by releasing debt and joint -stock securities.
“What began as a protective strategy for maintaining the value of assets has become an opportunistic strategy for creating a joint -stock value,” the report reads.
Investbank also recalled the company’s intention to attract new funding for further purchases. TD Cowen estimates that by the end of 2027 Strategy will be able to accumulate nearly 900,000 BTC.
On July 14, the price of the first cryptocurrency exceeded $ 123,000 for the first time, updating the historical maximum. Among the main factors are the activity of institutions, macroeconomic factors and increasing the interest of companies in Bitcoin as a backup asset, says Binance head in the CIS, Central and Eastern Europe and Africa Kirill Khomyakov.
At the time of publication, the price of bitcoin decreased by 5% to $ 116 930 (Coingcko). During the week, the asset increased by 8%, and in a month – by 11%.
30-minute BTC/USD (binance) graph. Source: TradingView.
The founder of Alphractal Joau Vedson noted that the spot price of bitcoin on binance remains higher than the cost of indefinite futures. This indicates the absence of euphoria in the derivatives market.
Data: Vedon, Cryptoquant.
At the same time, the gap between the indicators is gradually declining, indicating a change in mood – from cautious accumulation to increased confidence.
Historically, when futures begin to trade above the spot, it signals a potential parabolic rally. This growth is often accompanied by the Fomo effect and the active use of credit shoulder.
According to Vedson, the current situation indicates preparation for the phase of a more rapid trend. The transition to a positive area can be a trigger for a new growth impulse.
Recall that in April, TD Cowen analysts noted that large -scale purchases of Strategy had almost no effect on the long -term dynamics of the price of bitcoin.
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