Bitcoin Holds Near $63K as Standard Chartered Affirms $100K Target

Bitcoin trades around $63,000 after rebounding from the June 5 low of $59,125. Standard Chartered reaffirmed its $100,000 year-end forecast on June 19, declaring the crypto winter over following $5.7 billion in ETF outflows and $1.8 billion in liquidations. Contrasting views persist, with Bloomberg's Mike McGlone warning on June 15 that BTC could reach $10,000 first if equities weaken, while long-term bullish targets from multiple firms were scaled back amid collapsed corporate buying and a resilient dollar.