Standard Chartered Says Bitcoin’s Drop Below $100,000 May Be the Last Ever | US Crypto News
Standard Chartered suggests a dip below $100,000 could be Bitcoin's final major entry point before a new bull phase.Summary
Geoff Kendrick, Head of FX and Digital Assets Research at Standard Chartered, anticipates a brief decline in Bitcoin's price below $100,000, suggesting this might be the last opportunity to buy at that level before the next upward momentum builds. Kendrick identifies three key factors determining Bitcoin's next major turn: flows between gold and Bitcoin, liquidity indicators, and technical support levels. He noted a recent correlation where a sharp gold selloff coincided with a Bitcoin bounce, viewing this rotation as constructive evidence of a market bottom. Liquidity measures are currently tightening, and the market is watching for the US Federal Reserve to ease conditions or halt Quantitative Tightening (QT), which could catalyze risk assets. Technically, Kendrick highlighted the 50-week moving average holding since early 2023 as a critical support zone. Standard Chartered maintains a bullish long-term outlook, projecting Bitcoin could reach $200,000 by the end of Q4 2025.
(Source：BeInCrypto)