‘Crypto spring’ is here, says one analyst after bitcoin's key signals turn bullish (opens original article in a new tab)

A Standard Chartered analyst claims bitcoin may have reached its cycle low, citing improved investor flows, corporate buying, and falling oil prices, with a key technical level to watch for confirmation of an uptrend.

• Standard Chartered analyst Geoffrey Kendrick says bitcoin likely hit its cycle low around $59,000
• MicroStrategy resumed bitcoin purchases, U.S. spot bitcoin ETFs returned to net inflows, and oil prices fell
• A decisive break above $83,000 would confirm a new uptrend in bitcoin