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According to the report, the crypto market could reach $9.6 trillion if BTC reaches $200k.
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ETH’s price could soar to $12,000.
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Cardano, Avalanche, and Terra are also investments worth watching, FSInsight’s head of crypto strategy noted.
Bitcoin’s latest price action has seen it bounce strongly above multiple resistance levels, with intraday gains on Monday pushing the king crypto above $44,000.
Analysts are bullish about the cryptocurrency’s chances of breaking higher, pointing to potential continued correlation with stocks.
Fundstrat’s FSInsight predictsThe increased inflows into crypto from legacy markets could cause Bitcoin’s price to rise to $200,000 by 2022.
In a report titled “Digital Assets in a Post-Cycle World”, FInsight’s Head of Digital Asset Strategy Sean Farrell noted that Bitcoin could see more choppiness in the first six months of 2022.
Research and financial investment providers predict that BTC will rally to $200,000.
Metrics likely to support the outlook include increased buying occasioned by Bitcoin’s recent dip. Investment strategist said that negative real yields and the possibility of the market returning to risk-on tolerance are both likely to play a role.
FSInsight reports that Ethereum has seen a 30%+ rally over recent weeks, putting it in close proximity to a key resistance zone. The platform believes ETH is undervalued, and that the switch to proof of stake could be one catalyst for a major move to $12,000 in the coming year.
The top two tokens, as well as those native to layer 1 networks like Terra (LUNA), Terra (AVAX), Solana(SOL) and Cardano [ADA], will likely see a new upside in the second half.
Non-fungible tokens (NFTs) and Web 3 applications are also on the platform’s radar, with Livepeer, Filecoin and The Graph among those investors might want to watch.
