#cycle bottom

➤ Standard Chartered's top digital assets analyst, Geoffrey Kendrick, believes Bitcoin has hit its cycle bottom around $59K and forecasts a year-end target of $100K. ➤ Key factors supporting this optimistic outlook include persistent corporate treasury buying, notably by MicroStrategy, and resilient inflows into spot Bitcoin ETFs. ➤ The analysis suggests a shift from previous crypto winters, with institutional capital and regulated on-ramps playing a more significant role in market stabilization.

➤ Two major financial institutions, Standard Chartered and Charles Schwab, have identified Bitcoin's price floor to be around $59,000-$60,000. ➤ Standard Chartered views this as a cycle bottom, predicting a recovery to $100,000, while Charles Schwab sees it as strong support within a range-bound market. ➤ Confirmation of this floor depends on sustained ETF inflows, renewed corporate buying, and macro factors like oil prices, with the historical four-year cycle also influencing the outlook.

➤ Standard Chartered analyst Geoffrey Kendrick believes Bitcoin has hit its cycle bottom at $59,000, signaling the end of the 'crypto winter'. ➤ Key drivers cited include potential liquidity inflows from the SpaceX IPO and geopolitical developments like a U.S.-Iran peace agreement. ➤ While optimistic, the analysis acknowledges remaining risks such as market volatility, regulatory uncertainty, and macroeconomic conditions.