CryptoCoinDeskabout 4 hours ago
Bitcoin cycle low may be in, says Standard Chartered analyst
1 min read
Standard Chartered analyst Geoffrey Kendrick says bitcoin likely hit its cycle low near $59,000. Confidence grew after MicroStrategy resumed bitcoin purchases, U.S. spot bitcoin ETFs returned to net inflows, and oil prices fell. A break above $83,000 would confirm a new uptrend, with bitcoin trading around $66,300.
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