Tiger Research Says Bitcoin Near End of Down Cycle, With Limited Room for Further Losses
JH Kim
Forecast Trend Report by Period
Tiger Research strengthened its bullish view on Bitcoin.
Walter Bloomberg reported on July 2 that Tiger Research sees the market as entering the final stage of its current down cycle. The firm said most selling pressure has already been absorbed, leaving limited room for further declines.
It added that the next upswing will be driven by improved liquidity, broader institutional adoption and rising monetary demand.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.