Following Recent Decline, Standard Chartered's Geoffrey Kendrick Signals Bitcoin Bottom Near 63K, Maintains Year-End 100K Target

BTC-7.25%
ETH-7.73%
According to The Block, Standard Chartered digital assets research chief Geoffrey Kendrick said Bitcoin's bottom has nearly emerged following recent declines, with 63,000 USD identified as a buying zone. Kendrick noted that U.S. spot Bitcoin ETF holdings have remained relatively flat since February, showing no significant redemption concerns and indicating more "structurally stable" capital. The bank maintains its year-end Bitcoin target of 100,000 USD and Ethereum target of 4,000 USD unchanged.
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