Standard Chartered says Bitcoin bottom may be near as retreat to $60K fuels debate; Ether shows weakness

Bitcoin fell sharply in early June after rallying above $82,000 in May, with a seven‑day sell‑off cutting about 14% and pushing prices back toward February lows near $60,000; Standard Chartered said the bottom is “almost in” in its recent note ^{[1] [2]}.

Standard Chartered published a detailed analysis and year‑end price targets for Bitcoin and Ethereum, describing an eventual upside outlook even as some market participants debate near‑term risk; some analysts view the $60,000s as a rare long‑term accumulation zone, while others say a fall to $50,000 remains possible ^{[2] [3]}.

The broader pullback hit altcoins as well: reports noted Ethereum traded near $1,700 and briefly dropped out of the world’s top 100 assets by market capitalization, while technical studies point to trendline resistance and low spot demand on ETH charts ^{[4] [5]}.

Market observers described the situation as unsettled — Standard Chartered expresses cautious optimism for the medium term, but analysts highlight macro pressures and liquidity dynamics that make the $60,000 area a key level to monitor in the coming weeks ^{[2] [3] [1]}.