Bitcoin may have bottomed before its traditional cycle low: Grayscale’s Pandl
CoinTelegraph·
60-second summary
Grayscale's head of research, Grayscale's Pandl, believes Bitcoin may have bottomed, citing macro factors like interest rate decisions as key drivers of price action. Pandl suggests that Bitcoin's price is increasingly influenced by traditional market forces, indicating a shift away from its traditional cycle lows. This shift could impact Bitcoin's long-term trajectory.
Grayscale’s head of research said that Bitcoin may have bottomed, arguing that macro factors, such as interest rate decisions as increasingly driving the price action of this maturing asset class.