We upgrade Bitcoin (BTC) as a long-only trade with a price target of $121k (+60%). We like the risk/reward for Bitcoin. The crypto is breaking out on optimism of a Trump victory and we see the price running with little resistance at least until Trump takes office. If Bitcoin simply breaks below its new support (former resistance) level near $73K, its March 2024 high, we will downgrade -- meaning only about 5% downside from current levels.
Complete the form and a member of our team will send you a copy of this publication.
While you wait, explore additional NDR research and solutions.
Institutional Investors
Custom Research
Wealth Managers
Stock Selection
ETF Selection
Please note that you are using an unsupported browser. While the site will continue to function, you might experience sub-optimal behavior until you upgrade. Please update your browser to a later version for a better experience.