🚨 "CRYPTO WINTER IS OVER"
Standard Chartered's Geoffrey Kendrick believes Bitcoin has already printed its cycle bottom at $59,000.
According to Kendrick, two major catalysts could fuel the next leg higher:
🔹 A potential U.S.-Iran peace deal, which may ease oil prices and reduce macro pressure on risk assets.
🔹 The completion of the historic SpaceX IPO, potentially ending the wave of Bitcoin ETF selling as investors free up capital for the offering.
Kendrick still wants to see stronger ETF inflows, continued institutional buying, and lower oil prices to fully confirm the trend reversal.
His year-end Bitcoin target remains $100,000. 👀
Is $59K really the bottom, or do you expect another flush before the next bull run? 🚀