Bitcoin is searching for a floor, but the "bottom" might still be a flight away. ๐
Standard Chartered and other analysts are increasingly eyeing the $50k area as the ultimate capitulation point. With ETF holders underwater and the Fear & Greed Index at historic lows (7/100!), the market is testing everyoneโs conviction.
Key levels to watch:
๐ธ $60k: The current line in the sand.
๐ธ $50k: The projected macro bottom & mining cost floor.
Is this the final shakeout before the 2026 recovery? ๐ #Bitcoin $BTC #Crypto #MarketAnalysis
Standard Chartered and other analysts are increasingly eyeing the $50k area as the ultimate capitulation point. With ETF holders underwater and the Fear & Greed Index at historic lows (7/100!), the market is testing everyoneโs conviction.
Key levels to watch:
๐ธ $60k: The current line in the sand.
๐ธ $50k: The projected macro bottom & mining cost floor.
Is this the final shakeout before the 2026 recovery? ๐ #Bitcoin $BTC #Crypto #MarketAnalysis