Galaxy Digital cuts year-end BTC target to $120K from $185K

Alex Thorn, head of research at Galaxy Digital, has revised his year-end price target for BTC to $120,000 from $185,000 after the cryptocurrency fell below the $100,000 mark. However, Geoffrey Kendrick of Standard Chartered stated that the overnight drop was likely the final decline and recommended a staggered buy-the-dip strategy.