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via The Block · By The Block Editorial

TD Cowen raises Strategy price target to $395 on shift toward STRC issuance and improved BTC Yield outlook

BTC

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$61,256.01

-2.61%

$61,256.01

-2.61%

(24s)

24h Volume

$29,844,952,864.95

24h H/L

$62,912.00 / $59,102.70

Change: $3,809.30 (6.45%)

Long/Short

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Long: 67.8%Short: 32.2%

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Resistance 2$63,339.48

Resistance 1$61,871.62

Price$61,280.09

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Support 3$52,643.43

Pivot (PP):$61,309.14

Trend:Downtrend

RSI (14):34.2

The Block Editorial

(12:37 PM UTC)

1 min read

Updated byMichael Roberts

988 views

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TD Cowen raised its price target on Strategy (MSTR) to $395 from $385 on Thursday, arguing the company's increased use of STRC perpetual preferred issuance makes its bitcoin accumulation strategy more capital-efficient than the market currently appreciates.

The revision — by analysts Lance Vitanza and Jonnathan Navarrete — carries an implied upside of more than 110% from Strategy's closing price…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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