Bitwise CIO Questions Bitcoin 'Bottom' Debate on June 16; Galaxy, NYDIG, Standard Chartered Diverge on Targets

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According to The Block on June 16, Bitwise CIO Matt Hougan questioned whether Bitcoin's 'bottom' debate is the wrong question for long-term investors, stating the key focus should be whether this cycle's peak has already occurred. Galaxy Digital projects the bottom range at $30,000–$54,000 based on 13 indicators; NYDIG sees current pullback with cycle-bottom characteristics but lacks extreme capitulation selling; Standard Chartered identifies $59,000 as the bottom and maintains a year-end target of $100,000 for Bitcoin. All three institutions expect the bottom to arrive this year before the next peak, followed by a new bull cycle.
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