🚨 BITCOIN BOTTOM IN? 🚨
Standard Chartered’s Geoffrey Kendrick says the cycle low is officially in: $59K was the bottom.
Why?
✅ ETF selling pressure may be exhausted after investors rotated capital into the SpaceX IPO.
✅ Potential US-Iran de-escalation could push oil prices lower, reduce Treasury yields, and improve risk appetite for crypto.
📊 Kendrick is watching 3 key confirmations:
1️⃣ Strategy (MSTR) continues buying BTC
2️⃣ Spot Bitcoin ETFs return to net inflows
3️⃣ Oil prices keep falling
If all three happen, Kendrick believes the bull market resumes, with targets of:
🎯 BTC: $100,000 by year-end
🎯 ETH: $4,000 by year-end
Bitcoin has already rebounded from ~$59.3K to nearly $64K in just over a week.
The big question:
💭 Was $59K the final shakeout before the next leg higher, or is this just a relief rally?
Drop your BTC target for 2026 below 👇
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