JPMorgan: Whether Strategy Can Hold On May Be Key to Bitcoin's Short-Term Trend
AI Summary JPMorgan analysts believe that Strategy maintaining its Bitcoin holding valuation above 1, along with its strong cash reserves, will impact Bitcoin's short-term price trend by reducing the risk of selling pressure. At the same time, they project Bitcoin's mid-term target price to be around $170,000.
According to ChainCatcher, citing The Block, JPMorgan analysts stated that Strategy (formerly MicroStrategy) maintaining its Bitcoin holding valuation ratio above 1 and avoiding forced BTC sales is key to determining Bitcoin's short-term price trend. The analysis points out that although miners face selling pressure due to high production costs, MSTR has $1.44 billion in cash reserves, enough to cover its debt expenses for the next two years, thereby reducing selling pressure risks. In addition, the bank maintains a mid-term theoretical target price for BTC of around $170,000. #成长值抽奖赢iPhone17和周边
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JPMorgan: Whether Strategy Can Hold On May Be Key to Bitcoin's Short-Term Trend
AI Summary
JPMorgan analysts believe that Strategy maintaining its Bitcoin holding valuation above 1, along with its strong cash reserves, will impact Bitcoin's short-term price trend by reducing the risk of selling pressure. At the same time, they project Bitcoin's mid-term target price to be around $170,000.
According to ChainCatcher, citing The Block, JPMorgan analysts stated that Strategy (formerly MicroStrategy) maintaining its Bitcoin holding valuation ratio above 1 and avoiding forced BTC sales is key to determining Bitcoin's short-term price trend. The analysis points out that although miners face selling pressure due to high production costs, MSTR has $1.44 billion in cash reserves, enough to cover its debt expenses for the next two years, thereby reducing selling pressure risks. In addition, the bank maintains a mid-term theoretical target price for BTC of around $170,000. #成长值抽奖赢iPhone17和周边