Major institutions see BTC cycle bottom between $40K and $59K

According to a summary from crypto media outlet Wu Blockchain, the following are the cycle bottom predictions for Bitcoin from major traditional and crypto institutions: - Standard Chartered: Bottom forming around the $59,000 level - CryptoQuant, NYDIG, and Citi: Cycle bottom in the $53,000–$54,000 range - 10X Research: Bottom forming in the $46,628–$50,732 range - Galaxy Research: Bottom forming in the $40,000–$46,000 range - Bitfinex and 22V: Potential for a further decline to the $40,000 level