Tiger Research Says Bitcoin Nears End of Down Cycle, Sees Limited Further Decline

Tiger Research has strengthened its bullish outlook on Bitcoin.

Walter Bloomberg reported on July 2 that Tiger Research believes the market has entered the final phase of its down cycle. The firm said most selling pressure has already been absorbed and that further declines are likely to be limited.

Tiger Research also said the next up cycle will be driven by improved liquidity, broader institutional adoption and rising demand for money.