Crypto Winter Declared Over as Analyst Says Bitcoin Bottom Is In at $59,000
Standard Chartered analyst Geoffrey Kendrick says Bitcoin has reached its cycle bottom at $59,000, citing SpaceX IPO speculation and U.S.–Iran peace p
➤ Standard Chartered analyst Geoffrey Kendrick believes Bitcoin has hit its cycle bottom at $59,000, signaling the end of the 'crypto winter'. ➤ Key drivers cited include potential liquidity inflows from the SpaceX IPO and geopolitical developments like a U.S.-Iran peace agreement. ➤ While optimistic, the analysis acknowledges remaining risks such as market volatility, regulatory uncertainty, and macroeconomic conditions.

















