Fundstrat: the next target range for bitcoin is $44,800 to $83,200

In its latest report, Fundstrat, a financial research firm, projected a target range of $44,800 to $83,200 for Bitcoin. The current price of bitcoin is about $64,000, which has fallen by almost 45 per cent over the past year. In Fundstrat ' s view, the historical cycle shows that bitcoin usually has about 30 per cent price volatility when it enters the price consolidation phase. The company noted that market sentiment is currently not optimistic about encrypted currency and that capital flows to the stock market, especially in trades related to artificial intelligence。