Crypto Scenario Insights

Has Bitcoin Formed a Local Bottom? Deconstructing Standard Chartered’s Three-Indicator Thesis

What happened

Standard Chartered analysts suggest Bitcoin has bottomed at $59,000, pointing to positive ETF inflows, falling oil prices, and MicroStrategy's buying patterns.

What we think

The most likely outcome over the next 30 days is range-bound consolidation (50% probability) between $61,000 and $65,000, as the market digests recent ETF inflows and awaits clearer macroeconomic signals.

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Has Bitcoin Formed a Local Bottom? Deconstructing Standard Chartered’s Three-Indicator Thesis

We explain what happened and what could follow. We do not forecast prices.

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