@everyone

**BTIG Says Crypto Ready to Rebound, Bitcoin to Return to US$100,000 by Year-End**

BTIG believes that the crypto market, especially Bitcoin, has entered an oversold phase and typically begins to recover toward the end of the year, making a rebound to the US$100,000 range still possible.

“We think Bitcoin is now ready to resume its reflex rally at least back to the 100 thousand mark,” said BTIG Managing Director and Head Market Technician Jonathan Krinsky.

Historically, Bitcoin tends to form a price bottom around November 26 before strengthening through the end of December.

Ethereum is also said to have dropped significantly and is now in a strong support area, opening up the possibility for a rise toward around US$3,400, even though the broader trend remains negative.

In addition, crypto mining stocks are showing resilience, with the Barclays mining index holding at support levels and some names like Cipher Mining and Terawulf demonstrating relative strength.

MicroStrategy, the institution with the largest Bitcoin reserves, is also considered to be in a support area for a potential rebound, with BTIG maintaining a buy recommendation and a price target of US$630.

Overall, BTIG sees short-term recovery opportunities mainly due to technical factors and seasonal patterns that usually improve during the Thanksgiving week through December. Nonetheless, the long-term outlook remains uncertain.