Standard Chartered analyst Geoff Kendrick believes crypto asset prices have reached their low point in the current cycle. He shared the view with clients on Friday and is awaiting confirmation from three indicators.
Geoff Kendrick, who works at Standard Chartered, told clients that the recent low in Bitcoin and other crypto assets marks the bottom of this market cycle.
He said confirmation could come from three specific indicators. One of them involves Strategy’s report that it purchased additional Bitcoin last week.
