Fundstrat Global Advisors forecasts a 30% move for Bitcoin over the next 60 days, with a target of $83,200 on the upside or $44,800 on the downside from the current price of $64,000. Sean Farrell, head of digital asset strategy at the firm, based this analysis on eight historical episodes of low volatility where the median price movement reached 30.2%. The forecast does not indicate direction, as the data shows an even split between gains and losses in previous instances. Bitcoin rose 2% on Monday, driven by short covering rather than fresh buying, and faces a major risk from rising real yields.
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