Standard Chartered: Bitcoin's Cycle Low Near $59,000, Eyes $100,000 and ETH $4,000

Standard Chartered analyst Geoffrey Kendrick said a recent dip around $59,000 likely marked Bitcoin's cycle bottom, arguing the latest downturn has ended. In a June 12 research note, he kept year-end targets of $100,000 for BTC and $4,000 for Ethereum, while pointing to ETF flow dynamics and easing oil-price pressure as key factors.