SpaceX IPO this wave of demand is indeed strong, bottom signal +1

Crypto News, Standard & Poor's analyst Geoffrey Kendrick stated that Bitcoin bottomed at $59,000, marking the cycle bottom for the cryptocurrency market, down 53% from the all-time high of $126,000 on October 6. Kendrick believes that there has been strong demand in the market recently, especially after the SpaceX IPO release, with demand for digital assets significantly increasing. At the same time, he pointed out that if the US reaches a peace agreement with Iran, it could suppress oil prices from rising, thereby easing macro pressures on the crypto market. Kendrick is monitoring three key indicators to confirm the safety of the market bottom.