Bitcoin price prediction improves after Standard Chartered says the $59K low marked the cycle bottom amid SpaceX IPO demand.
- Standard Chartered analyst Geoffrey Kendrick believes Bitcoin's $59,000 low marked the cycle bottom, with a year-end target of $100,000.
- The recent sell-off was attributed to ETF outflows, liquidity stress from the SpaceX IPO, and macro fears, which are now expected to ease.
- Ethereum also maintained its $4,000 target, with expectations of outperformance if market confidence returns.
Topics: Institutional adoption, Scalability, Market cycles macro sensitivity, Asset manager initiatives, Institutional capital inflows, Interest rate sensitivity
Tags: #bitcoin #standardchartered #priceprediction #cyclebottom #spacexipo #etfflows #liquidity #ethereum #geoffreykendrick
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