Standard Chartered Analyst: Bitcoin Cycle Bottom Confirmed; Crypto Winter Officially Over

According to CoinDesk, Standard Chartered analyst Geoffrey Kendrick stated in a research report released on Friday that the bottom of Bitcoin’s current cycle has been confirmed at $59,000—representing a roughly 53% retracement from its all-time high of $126,000 reached on October 6—and declared, “The crypto winter is over; spring has arrived.”