Saylor Calls Bitcoin Bottom at $60k, Says Mizuho -- Market Talk

Dow Jones04-08 23:26

1126 ET - Strategy head Michael Saylor thinks that the bottom for bitcoin prices is already in, analysts at Mizuho Securities say in a note. The analysts say that Saylor thinks bitcoin already bottomed out when it traded at around $60,000 in early February. "Saylor reiterated his long-held view that crypto bottoms are driven less by valuation frameworks and more by seller exhaustion," the analysts say, with Saylor characterizing remaining selling pressure on bitcoin as limited while demand is "structurally growing." Cryptocurrency is up across the board in a risk-on trading day for investors following an agreement for a two-week ceasefire in the conflict with Iran. Bitcoin is up 2.6% to $71,100, according to data from LSEG. (kirk.maltais@wsj.com)

 

(END) Dow Jones Newswires

April 08, 2026 11:26 ET (15:26 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment