Standard Chartered Analyst Says Bitcoin May Have Found Its Cycle Low

Standard Chartered analyst Geoff Kendrick told clients that “winter is over,” saying crypto prices have likely already seen the low for the current cycle. His view comes ahead of Strategy’s Monday Bitcoin purchase update, which he included among the signals he is watching for confirmation of a market bottom.

The call matters because Bitcoin bottom signals are closely followed by traders, public companies with crypto exposure, and market participants assessing whether the latest downturn has run its course. A bottoming view from a major bank analyst can shape discussion around risk appetite, though it does not remove uncertainty from crypto markets.

Kendrick’s framework centers on three signs of a potential Bitcoin bottom. One of those is Strategy’s Monday news, reflecting the market’s attention on the company’s regular Bitcoin purchase disclosures and its role as a closely watched corporate holder.

The comments do not amount to certainty about future prices. They indicate that Kendrick believes the worst of the cycle may already be behind the market, based on the indicators he outlined to clients.

For readers, the key point is that Standard Chartered is framing the latest crypto weakness as potentially cyclical rather than open-ended. The next focus is whether the signals Kendrick is monitoring, including Strategy’s update, strengthen that view.