Standard Chartered’s Geoffrey Kendrick just called it: Bitcoin may have already put in its cycle low.After BTC dipped to ~$59k, he wanted three confirmations: more MicroStrategy buying, positive ETF inflows, and weaker oil prices. All three hit by Monday:MSTR bought another 1,587 BTC
US spot Bitcoin ETFs saw +$86M inflows
Oil continued sliding
“Winter is over. Welcome back to crypto Spring,” Kendrick said.BTC is currently trading around $66,100, up ~1% in 24h. To confirm the new uptrend, he says BTC needs to break above the $83k high from early May. Coinbase CEO Brian Armstrong also believes the bottom is in and remains “as bullish as ever.”
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