Wall Street making another call? Cantor raises its 12-month Bitcoin price target from $98,000 to $112,000 🎯
📌 Analyst Ramsey El-Assal also raises Strategy (MSTR)’s price target from $186 to $208, maintaining an “Overweight” rating
📌 Based on Strategy’s holdings of about 848,000 BTC, its enterprise value estimate rises from about $97 billion to about $110 billion
⚠️ But there’s another side to the coin: New MSCI rules could kick Strategy out of its indexes. MSTR fell more than 6% at one point that day, with the final list expected to be announced on November 11.
The CryptoQuant CEO believes this would only affect fund flows and has already been priced in. The key things to watch are mNAV at around 1.0x and whether STRC can hold par.
My take: Price targets are sentiment indicators, not roadmaps. The Fear & Greed Index is currently at 63 (somewhat greedy), and the $77,000 cost basis is the dividing line between bulls and bears.
Do you believe in $112,000, or think we’ll need a pullback first? Let me know in the comments 👇
$BTC $ETH
#比特币 #Strategy #CryptoMarket
For personal opinion only; not investment advice
📌 Analyst Ramsey El-Assal also raises Strategy (MSTR)’s price target from $186 to $208, maintaining an “Overweight” rating
📌 Based on Strategy’s holdings of about 848,000 BTC, its enterprise value estimate rises from about $97 billion to about $110 billion
⚠️ But there’s another side to the coin: New MSCI rules could kick Strategy out of its indexes. MSTR fell more than 6% at one point that day, with the final list expected to be announced on November 11.
The CryptoQuant CEO believes this would only affect fund flows and has already been priced in. The key things to watch are mNAV at around 1.0x and whether STRC can hold par.
My take: Price targets are sentiment indicators, not roadmaps. The Fear & Greed Index is currently at 63 (somewhat greedy), and the $77,000 cost basis is the dividing line between bulls and bears.
Do you believe in $112,000, or think we’ll need a pullback first? Let me know in the comments 👇
$BTC $ETH
#比特币 #Strategy #CryptoMarket
For personal opinion only; not investment advice