Standard Chartered Analyst: Bitcoin Has Formed Cycle Bottom at $59,000
Geoffrey Kendrick of Standard Chartered says Bitcoin already bottomed at $59,000, declaring the end of the bear market. Analysts at crypto platform BIT hold a contrasting view.
BTCUSD
Standard Chartered analyst Geoffrey Kendrick has stated that Bitcoin has already established the cycle bottom at the $59,000 level. "The winter is over. Welcome back to crypto spring," he said, suggesting a shift to a bullish phase.
However, specialists at the crypto platform BIT expressed a different opinion, though the specifics of their assessment were not provided in the source post. The conflicting viewpoints leave the near-term direction of the asset open to interpretation.
Source: ForkLog