Standard Chartered Identifies 3 Bullish Signals as Bitcoin Approaches $83K Resistance Level
By
Kevin Helms
4h ago· 3 min readenInsight
90/100
Golden Brown
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Summary
Standard Chartered's Global Head of Digital Assets Research, Geoffrey Kendrick, identified three bullish signals aligning for Bitcoin: fresh Strategy buying, positive spot ETF flows, and falling oil prices. The analysis focuses on whether Bitcoin can reclaim the critical $83K resistance level, with market attention shifting to this key breakout test.
Key quotes
· 3 pulledThree bullish signals have aligned for bitcoin, Standard Chartered said, while attention shifts to whether BTC can reclaim a key resistance area.
Standard Chartered Global Head of Digital Assets Research Geoffrey Kendrick said on June 15 that three bullish signals for bitcoin have now appeared, matching the conditions he outlined last Friday.
The update centered on fresh Strategy buying, positive BTC exchange-traded fund (ETF) flows, and falling oil prices.
Three bullish signals have aligned for bitcoin, Standard Chartered said, while attention shifts to whether BTC can reclaim a key resistance area. Fresh
