Major institutions predict Bitcoin cycle bottom between 40000 and 59000
Major institutions have made predictions regarding the cycle bottom for Bitcoin. Standard Chartered forecasts a bottom forming around 59000. CryptoQuant, NYDIG, and Citi estimate the cycle bottom to be in the range of 53000 to 54000. 10X Research suggests a bottom forming between 46628 and 50732. Galaxy Research predicts a bottom in the range of 40000 to 46000. Bitfinex and 22V indicate the potential for a further decline to the 40000 level.
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