'The low is almost in': Standard Chartered says bitcoin bottom near after tough week for crypto
'The low is almost in': Standard Chartered says bitcoin bottom near after tough week for crypto
Standard Chartered’s Geoffrey Kendrick said a bitcoin bottom is “almost in,” pointing to structurally resilient spot ETF holdings and the likelihood that Strategy will buy back far more BTC than it sold last week.Kendrick, who called for bitcoin to fall to $50,000 in February, now says the market is in the “buying zone” — with bitcoin trading around $63,000 and down more than 22% over the past month.