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Geoffrey Kendrick calls the cycle low and sets a $100K year-end target, but the confirmation signals he's watching haven't arrived yet
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Bitcoin has shed more than half its value since October 2025, and one of Wall Street’s most prominent crypto analysts thinks that’s about as bad as it gets.
Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered, declared in a June 12 client note that Bitcoin’s drop to roughly $59,000 marks the definitive cycle bottom. In English: crypto winter is over, according to the bank, and the only direction from here is up.
