Bitcoin Hit Bottom at $59,000 Marking End to the Crypto Winter, Says Standard Chartered Analyst
Kendrick says Bitcoin may have bottomed as a bullish technical flip, ETF inflows and corporate buying would need to confirm the call.
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6 Articles
Standard Chartered 'Winter Is Over' For Bitcoin, But Three Things Need To Happen To Prove It
Standard Chartered Global Head of Digital Assets Research Geoff Kendrick called the crypto bottom Friday, saying Bitcoin’s (CRYPTO: BTC) drop to $59,000 marked the lowest point of this cycle and that crypto winter is over. Why Kendrick Thinks $59,000 Was The Low Kendrick’s call rests on three converging catalysts arriving simultaneously Friday. Oil prices fell 1.5% to $86 per barrel as Trump announced a potential US-Iran peace deal could come th…
Bitcoin bottom not yet reached, Galaxy Digital data shows
Bitcoin (BTC) price has likely not reached its cycle bottom, according to a June 12, 2026, report from Galaxy Digital Inc. (NASDAQ: GLXY). According to Galaxy, Bitcoin price is now falling in line with its previous bear market cycles. The firm’s data indicate the decline has further to run before it reaches a true bottom, with the base case pointing to a low between $40,000 and $46,000 sometime before the fourth quarter of 2026. “Despite the d…
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BITRSS'Winter Is Over': Standard Chartered Calls Crypto Bottom as Bitcoin Recovers From $60K Fall
Standard Chartered analyst Geoff Kendrick suggests the crypto market has hit its lowest point following Bitcoin's recent drop below $60,000.
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