Crypto Scenario Insights
What happened
Standard Chartered's digital asset research team claims Bitcoin's dip to $59,000 marked the cycle bottom, pointing to the conclusion of SpaceX IPO-related liquidations and easing macroeconomic pressures.
What we think
The most likely outcome over the next 30 days is range-bound consolidation for Bitcoin between $60,000 and $66,000 (50% probability), as the market digests the end of recent ETF outflows and monitors macroeconomic develo…
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Standard Chartered Calls the Bitcoin Bottom at $59,000 — But Do the SpaceX and Macro Catalysts Hold Up?
We explain what happened and what could follow. We do not forecast prices.