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Bitcoin Target of $185,000: Insightful Projections from Tiger Research
The cryptocurrency market is always an exciting and volatile environment. Recent downturns have left investors feeling uneasy, but some analysts still paint a positive picture. The latest report from Tiger Research, an Asia-based crypto and Web3 research firm, seems to offer a glimmer of hope to the market.
Tiger Research has announced a target of $185,500 for Bitcoin in the short term. This ambitious target has sparked considerable curiosity within the market. However, analysts also emphasized that the $84,000 level remains a crucial support zone.
Despite the prevailing uncertainty worldwide, Tiger Research analysts predict that Bitcoin could reach $185,000 in the first quarter. The key reasons behind this forecast are the increase in global M2 money supply and the expected Fed interest rate cuts in the coming period – essentially, a positive macroeconomic environment could pave the way for Bitcoin's rise.
However, like any rise expectation, this forecast is subject to certain conditions. Tiger Research analysts state that the rise will only be valid "provided the macroeconomic environment doesn't deteriorate." For a new trend to begin, Bitcoin needs to surpass the $98,000 level. The report sets the support level at $84,000, the neutral value at $145,000, and the maximum target at $185,500.
**Potential Impact of the Clarity Act**
The Tiger Research report also touches upon another important topic: the Clarity Act. If this law is passed, traditional finance is expected to integrate more quickly and easily into the crypto world. This could lead to increased liquidity and investor interest in the market.
**Market Reality: Reasons for the Decline and the Trump Effect**
However, Tiger Research’s positive expectations haven’t immediately translated into the market. Bitcoin started the week with a decline and, as analysts feared, fell below $92,000 alongside Trump’s new tariffs. This decline is attributed to sales made by short-term funds to reduce risk and ETF outflows.
##SpotGoldHitsaNewHigh #TariffTensionsHitCryptoMarket #JapanBondMarketSell-Off