TechFlow news, November 29: Wall Street firm BTIG analysis indicates that Bitcoin's recent pullback has placed its price in oversold territory, suggesting potential for a rebound toward $100,000 and strength heading into year-end.
BTIG also noted that although Ethereum has declined 47%, it is currently holding key support levels and may advance toward $3,400.
In addition, cryptocurrency mining equities have shown resilience. The Barclays mining index could rise another 15%, with companies such as Cipher Mining and Terawulf demonstrating relative strength. Strategy stock presents a mean-reversion opportunity after its 63% decline, so BTIG maintains its $630 target price.
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