---
title: "Standard Chartered’s Kendrick Says Bitcoin Has Bottomed Near $59,000"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289655111.md"
description: "Standard Chartered analyst Geoffrey Kendrick said Bitcoin has bottomed near $59,000. According to NS3.AI, Kendrick said this level represents a 53% decline from the previous all-time high of $126,000. Kendrick said he will monitor Strategy buying and U.S. spot Bitcoin ETF inflows this week."
datetime: "2026-06-13T04:35:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289655111.md)
  - [en](https://longbridge.com/en/news/289655111.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289655111.md)
---

# Standard Chartered’s Kendrick Says Bitcoin Has Bottomed Near $59,000

Standard Chartered analyst Geoffrey Kendrick said Bitcoin has bottomed near $59,000. According to NS3.AI, Kendrick said this level represents a 53% decline from the previous all-time high of $126,000. Kendrick said he will monitor Strategy buying and U.S. spot Bitcoin ETF inflows this week.

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