Grayscale’s Pandl still sees bitcoin’s $58K low as the bottom, gives clients ‘green light’
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Zcash Surges 177% in a Month as Grayscale Gives Bitcoin the 'Green Light'
Grayscale's head of research, Zach Pandl, said Bitcoin (BTC) has already marked its cycle bottom after falling to $58,000 at the end of June, with the firm now advising clients to consider allocating fresh capital to the asset. Speaking in a recent interview with The Block, Pandl said the leading cryptocurrency has not only bottomed but also reached a point where investors can begin considering new allocations. "We have stuck our neck out over t…
Zach Pandl, research director at crypto asset manager Grayscale, maintains his view that the bear market in Bitcoin bottomed out at the end of June. While he offers long-term optimism, short-term analysis suggests that new thresholds need to be crossed for the recovery to gain strength.
Zach Pandl, Grayscale's head of research, argues that the low of close to $58,000 recorded by Bitcoin at the end of June marked the ground of the bearish phase and claims that the manager already gives the green light to its customers to allocate capital to the sector.
As FED and Clarity Act Pressure Continue on Bitcoin, Grayscale Issues Bottoming Commentary! Gives Green Light!
Zach Pandl of Grayscale said Bitcoin has likely already formed its $58,000 bottom in late June. Continue Reading: As FED and Clarity Act Pressure Continue on Bitcoin, Grayscale Issues Bottoming Commentary! Gives Green Light!
Bitcoin and altcoins experienced sharp declines after the Senate vote on the Clarity Act stalled. Following this, although the US Federal Reserve (FED) raised its benchmark interest rate for the first time in three years, BTC showed a relatively limited reaction, maintaining its pre-decision level of $76,000. While BTC's resilience is noted, a current prediction has come from Zach Pandl, head of research at Grayscale. [...]. Source: Bitcoinsiste…
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