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Key Takeaways
- Standard Chartered says Bitcoin’s $59K low on June 5 marked the definitive cycle bottom.
- Charles Schwab independently flags ~$60K as strong support at the 200-week average.
- Standard Chartered holds $100K Bitcoin and $4K Ethereum year-end targets.
- An October 2025 peak may have pulled this cycle’s timeline forward.
With BTC trading near $64,000 on June 14th, both views put current prices just above what these institutions consider a structural support zone, though the two banks reach that conclusion by different routes and with different conviction.
Standard Chartered: “Winter Is Over”
In a research note published June 12, Standard Chartered’s Global Head of Digital Assets Research, Geoffrey Kendrick, declared that Bitcoin’s drop to roughly $59,000 on June 5 marked the definitive cycle low. “Winter is over. Welcome back to crypto Spring,” he wrote, per CoinDesk. The $59,...
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