{"id":30150,"date":"2026-06-13T09:03:14","date_gmt":"2026-06-13T08:03:14","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/06\/13\/bitcoin-bottom-standard-chartered-70-percent-rally\/"},"modified":"2026-06-13T09:03:17","modified_gmt":"2026-06-13T08:03:17","slug":"bitcoin-bottom-standard-chartered-70-percent-rally","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/bitcoin-bottom-standard-chartered-70-percent-rally\/","title":{"rendered":"Bitcoin Up 70% From Its Lows? Standard Chartered Says the Bottom Is In"},"content":{"rendered":"\n

Bitcoin’s recent correction has left many investors second-guessing their positions. But for Geoffrey Kendrick<\/strong>, Global Head of Digital Assets Research at Standard Chartered<\/strong>, the pullback was nothing more than a pause within a bull cycle that remains fully intact.<\/p>\n\n\n\n

His verdict is unambiguous: the bottom is most likely behind us<\/strong>, and the rebound potential exceeds 70%<\/strong> from the recent lows. It’s an analysis worth unpacking in full.<\/p>\n\n\n\n

Here’s why one of the most closely followed analysts in traditional banking remains firmly bullish on BTC<\/strong>.<\/p>\n\n\n\n

$59,000: The Level That Changes Everything, According to Standard Chartered<\/h2>\n\n\n\n

Geoffrey Kendrick<\/strong> identifies the trough around $59,000<\/strong> as the cycle low. In his view, this level represents not only a major technical support<\/strong> but also a reversal signal: the correction is over, and the market is repositioning itself for a new expansion phase.<\/p>\n\n\n\n

\"Bitcoin<\/figure>\n\n\n\n

This reading is grounded in both a macro and on-chain<\/strong> assessment of the market. Standard Chartered’s head of digital research points out that Bitcoin<\/a>‘s fundamentals did not deteriorate during the sell-off: institutional flows<\/strong> remained present, spot Bitcoin ETFs continued to record net inflows, and the market structure showed none of the characteristics associated with a sustained bearish reversal.<\/p>\n\n\n\n

In other words, the price action around $59,000<\/strong> looked far more like a flush of speculative positions<\/strong> than a structural breakdown. A signal that experienced traders recognize as an accumulation opportunity rather than a reason to exit.<\/p>\n\n\n\n

A 70% Upside: What Price Levels Does That Imply?<\/h2>\n\n\n\n

Applying a 70% move from around $59,000<\/strong>, Kendrick’s implied target lands near $100,000<\/strong> \u2014 a symbolic threshold that Bitcoin had already approached during its previous peak. This is no coincidence: Standard Chartered<\/strong> had already published forecasts calling for six-figure BTC<\/strong> this cycle.<\/p>\n\n\n\n

This projection fits into a broader thesis championed by the British bank<\/strong>: institutional adoption of Bitcoin<\/a> is accelerating, driven in large part by US spot ETFs<\/strong>, and structural demand<\/strong> now outpaces available supply in the post-halving environment. These two catalysts combined create, according to Kendrick, the conditions for a significant breakout<\/strong> in the months ahead.<\/p>\n\n\n\n

That said, it is worth remembering that analyst forecasts, even from top-tier institutions, remain probabilistic scenarios. Bitcoin’s volatility can invalidate any price target within a matter of sessions \u2014 in either direction.<\/p>\n\n\n\n

Standard Chartered in the Bull Camp: A Voice That Carries Weight<\/h2>\n\n\n\n

This is not the first time Geoffrey Kendrick<\/strong> has taken a public stance on Bitcoin with ambitious price targets. Standard Chartered<\/strong> is one of the very few major traditional banks to have built a dedicated digital assets research<\/strong> team, which gives its analysis particular weight in institutional circles.<\/p>\n\n\n\n

The fact that an institution of this caliber openly describes the recent correction as a “simple pause”<\/strong> rather than the beginning of a bear market<\/strong> sends a strong signal to the market. It reinforces the view that the 2024\u20132025 bull cycle<\/a> remains intact, despite the short-term turbulence that rattled broader sentiment.<\/p>\n\n\n\n

For investors tracking macro indicators<\/strong> and institutional flows<\/strong>, this kind of positioning from a major banking player is a market sentiment<\/strong> signal worth factoring into their overall read of the crypto market.<\/p>\n\n\n\n

\n\n\n\n

Related articles :<\/h3>\n\n\n\n