The head of research at Grayscale, Zach Pandl, maintains the position that Bitcoin’s drop to US$58,000 by the end of June marked the bottom of the market’s bearish phase. The firm has formally greenlighted its institutional and retail clients to consider allocating fresh capital to cryptoassets, at a time when BTC is trading above US$77,000, recovering after recent regulatory and macroeconomic fluctuations.
The floor or support) of an asset, also known as support, is the lowest price level that an asset has reached or is expected to reach during a bearish trend, before buying pressure exceeds selling pressure and the price starts to rise again.
$BTC
#BTC☀️
The floor or support) of an asset, also known as support, is the lowest price level that an asset has reached or is expected to reach during a bearish trend, before buying pressure exceeds selling pressure and the price starts to rise again.
$BTC
#BTC☀️
