Standard Chartered Says Bitcoin Bottomed Near $59,000 As Crypto Winter Ends
TL;DR Standard Chartered’s Geoffrey Kendrick reportedly says Bitcoin’s $59,000 area marked the cycle bottom. The note cites SpaceX IPO-related capital rotation and easing oil-price pressure as key catalysts. Kendrick reportedly maintains a $100,000 year-end Bitcoin target and a $4,000 Ethereum target. Standard Chartered Calls Bitcoin’s $59,000 Low The Cycle Bottom Standard Chartered analyst Geoffrey Kendrick...
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