Tiger Research: Policy Catalyst and Liquidity Expansion, Bitcoin Valuation Pegged at $185,500 for Q1 2026
Tiger Research maintains a bullish outlook on Bitcoin, setting a Q1 2026 price target of $185,500, representing approximately 100% upside from current levels. The report cites a supportive macro backdrop, including continued Fed rate cuts and expanding global M2 money supply, though the macro adjustment factor has been reduced from +35% to +25% due to slower institutional inflows and geopolitical risks. Key on-chain indicators suggest a neutral market, with strong support at $84,000 and resistance near $98,000. The potential passage of the CLARITY Act is highlighted as a major regulatory catalyst that could bring traditional financial institutions into the market. Despite recent ETF outflows, the overall market structure is deemed healthy, with a gradual rebalancing rather than panic-driven selling.
marsbit01/18 12:04