Marathon Digital Cut to Neutral at B. Riley on Bitcoin Price Declines

For second quarter estimates, the broker forecasts BTC to average approximately $32,522, which is based on an average quarter-to-date price of $33,805 and assumes a $22,000 price for the rest of the quarter. For the third quarter and fourth quarter, B. Riley forecasts BTC to average $25,000 and $30,000, respectively. For 2023 and 2024 it is estimating an average bitcoin price of $34,000 and $45,000 respectively.