Standard Chartered analyst says the crypto winter is over, and BTC $59,000 is the bottom.
To be honest, every time a big bank comes out calling a bottom, I get nervous. SpaceX IPO + US-Iran talks as catalysts sounds pretty legit — but don't you all notice that when banks call a bottom, the market often goes the other way? 😂
However, $59K has indeed bounced back, and the buying pressure is still there. Let's just sit tight for now, no rush to call a bull run.
📊 Direction: Hold | Reason: Historically, when big banks call a bottom, it often turns out to be a reversal, but $59K support is definitely holding strong.
#BTC #crypto
To be honest, every time a big bank comes out calling a bottom, I get nervous. SpaceX IPO + US-Iran talks as catalysts sounds pretty legit — but don't you all notice that when banks call a bottom, the market often goes the other way? 😂
However, $59K has indeed bounced back, and the buying pressure is still there. Let's just sit tight for now, no rush to call a bull run.
📊 Direction: Hold | Reason: Historically, when big banks call a bottom, it often turns out to be a reversal, but $59K support is definitely holding strong.
#BTC #crypto