Tiger Research sets Q1 BTC price target at $185.5K

Asian Web3 research and consulting firm Tiger Research has projected a first-quarter price target of $185,500 for BTC, according to its "Tiger Valuation Methodology (TVM)" report. The firm stated that while the macroeconomic environment is favorable, citing U.S. Federal Reserve interest rate cuts and an increase in the global M2 money supply, short-term momentum has been weakened by spot ETF outflows. On-chain analysis indicates support at $84,000 and resistance at $98,000, with key indicators like the MVRV-Z score having moved from an undervalued range to a state of equilibrium. Tiger Research added that the passage of the CLARITY Act could expand participation from the traditional finance sector. The report's TVM methodology calculated a neutral value of $145,000 for BTC, arriving at the $185,500 target after applying a +25% macro correction factor.