Standard Chartered Sees Signs of Bitcoin Bottom

BTC

BTC/USDT

$65,776.00

+2.20%

$65,776.00

+2.20%

(24s)

24h Volume

$14,454,394,750.99

24h H/L

$65,995.00 / $63,678.83

Change: $2,316.17 (3.64%)

Long/Short

59.3%

Long: 59.3%Short: 40.8%

Funding Rate

+0.0006%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$65,699.74

▼ -0.07%

Volume (24h): -

Resistance Levels

Resistance 3$71,021.05

Resistance 2$68,191.60

Resistance 1$66,014.90

Price$65,699.74

Support 1$64,729.22

Support 2$61,834.89

Support 3$59,130.91

Pivot (PP):$65,682.91

Trend:Downtrend

RSI (14):41.5

Cointelegraph Staff

(07:05 PM UTC)

1 min read

Reviewed byEmily Watson

1404 views

0 comments

Standard Chartered analyst Geoff Kendrick on Friday told clients that he believes crypto asset prices have seen the low in the current cycle and he is looking for confirmation in three indicators: Strategy’s reporting that it bought more Bitcoin last week; crypto exchange-traded funds (ETF) saw positive inflows on Friday; and, oil prices continue to break lower.

“We have now seen the low in crypto…