Standard Chartered Bank calls out a $59,000 bottom! Has Bitcoin's spring truly returned?



With each dip, someone calls for zero.
With each rebound, someone else shouts for $100,000.
The biggest characteristic of the crypto market is:
Sentiment always outpaces price.
Now, Standard Chartered Bank believes that an important bottom has formed around $59,000.
This has rekindled hope for many investors.
My opinion
60% chance:
Entering a volatile upward trend.
25% chance:
Continuing sideways movement.
15% chance:
Testing the bottom again.
Why is the market starting to be optimistic?
ETF funds continue to flow in.
Institutional participation is increasing.
Liquidity environment is improving.
And the Bitcoin mining difficulty has been cut by 10.09% at once, easing miners' pressure.
In the past, miners were like overtime workers.
Now they can finally breathe a sigh of relief.
Strategy reference
Conservative:
Dollar-cost averaging BTC.
Steady:
BTC + ETH portfolio.
Aggressive:
Focus on leading AI track companies.
Whether spring will arrive immediately is unknown.
But the coldest winter has often already passed.
#我的Gate交易时刻
BTC0.98%
ETH0.01%
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CoinRelyOnUniversal
· 2h ago
Just charge forward 👊
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CoinRelyOnUniversal
· 2h ago
Just charge forward 👊
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CoinRelyOnUniversal
· 2h ago
Just charge forward 👊
View OriginalReply0
CoinRelyOnUniversal
· 2h ago
Just charge forward 👊
View OriginalReply0
CoinRelyOnUniversal
· 2h ago
Just charge forward 👊
View OriginalReply0
CoinRelyOnUniversal
· 2h ago
Just charge forward 👊
View OriginalReply0
CoinRelyOnUniversal
· 2h ago
Just charge forward 👊
View OriginalReply0
CoinRelyOnUniversal
· 2h ago
Just charge forward 👊
View OriginalReply0
CoinRelyOnUniversal
· 2h ago
Just charge forward 👊
View OriginalReply0
CoinRelyOnUniversal
· 2h ago
Just charge forward 👊
View OriginalReply0
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