Standard Chartered: Bitcoin Bottom Reached After $60K Fall

Standard Chartered declared the crypto winter over after Bitcoin rebounded from its $60K correction, marking a shift in institutional sentiment on June 12, 2026.

Price action on the 4h chart shows BTC at $63976.11 holding above the EMA50 at $63724.52 while the MACD golden cross confirms bullish momentum; with RSI neutral at 57.81 and price inside the Bollinger bands, the next test targets upper resistance at $64477.38 before any deeper pullback to lower support at $60699.48. This move aligns with historical Bitcoin market cycles after $60k corrections and refines ongoing BTC price prediction models that factor in post-crash recoveries.