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via The Block · By The Block Editorial

'The low is almost in': Standard Chartered says bitcoin bottom near after tough week for crypto

BTC

BTC/USDT

$60,310.99
+0.33%
24h Volume

$22,318,109,162.39

24h H/L

$60,759.99 / $58,500.10

Change: $2,259.89 (3.86%)

Long/Short
68.6%
Long: 68.6%Short: 31.4%
Funding Rate

+0.0025%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$60,256.52

0.26%

Volume (24h): -

Resistance Levels
Resistance 3$67,567.08
Resistance 2$63,411.38
Resistance 1$60,985.90
Price$60,256.52
Support 1$60,133.80
Support 2$58,078.76
Support 3$51,387.09
Pivot (PP):$60,170.32
Trend:Downtrend
RSI (14):32.8
TB
The Block Editorial
(10:27 AM UTC)
1 min read
MR
Reviewed byMichael Roberts
1276 views
0 comments

After a brutal week for bitcoin, Standard Chartered said the worst may soon be over for the largest cryptocurrency and the broader digital asset market.

The bank's Global Head of Digital Assets Research, Geoffrey Kendrick, said the bitcoin (BTC) market is close to a bottom, arguing that structurally resilient spot exchange-traded fund holdings and an anticipated large buyback by Strategy make a…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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