Bitcoin Price Holds $111,000 as TD Cowen Predicts $141,000 by December
Despite a recent crash, Bitcoin is holding near $111,000, with TD Cowen analysts forecasting a rise to $141,000 by December.Summary
Bitcoin's price is currently stable around $111,000 following a volatile period that included a historic $19 billion liquidation event earlier this month, triggered by President Trump's announcement of 100% tariffs on Chinese imports. TD Cowen analysts view the market's quick recovery and the operational stability of exchanges during the crash as proof of the crypto ecosystem's resilience, attributing this strength partly to growing global adoption, such as the quadrupling of digital asset accounts in Japan. The firm projects that Bitcoin could reach $141,000 by December. Key technical resistance levels are noted at $112K, $115.5K, and $117.6K, with a decisive move above $122K needed to confirm a bullish shift. Failure to maintain support above $106.9K could lead to prices dropping below $100K.
(Source：Bitcoin Magazine)