GMGNGB
September Bitcoin in brief
After rebounding from the July low of about $57,800, Bitcoin gained roughly 25% in August and then held on to most of those gains in September despite dual pressure from macro policy and regulation
Could $57,000 be the cycle low?
Zach Pandl, Grayscale head of research
Has stuck with the late-June low near $58,000 as the bottom of this bear phase and has given clients a green light to allocate
Brian Armstrong, Coinbase CEO
Said Bitcoin has bottomed for this cycle and expects a multi-year uptrend from here
Geoffrey Kendrick, Standard Chartered
Called a possible cycle low near $59,000. Price later tagged about $57,800, close to that zone
A bottoming zone may already be in place, but a trend reversal remains unproven
What do you think?
DYOR &
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