Standard Chartered has issued a notable analysis on the immediate future of Bitcoin (BTC). Geoff Kendrick, the bank’s Head of Digital Assets Research, stated that a dip below $100,000 is likely. However, this might be the last time the asset trades at that level. Standard Chartered’s Bitcoin price prediction is generating cautious optimism among institutional investors.
Kendrick bases his analysis on three key factors. First, he is observing the flows between gold and Bitcoin. Recently, a selloff in gold coincided with a Bitcoin rebound. This suggests a capital rotation into the crypto asset. Second, the analyst is monitoring liquidity indicators. Currently, financial conditions are tightening. A shift in stance from the US Federal Reserve could be a catalyst. Finally, technical support is crucial. The 50-week moving average has held firm since early 2023.
This outlook from Standard Chartered arrives at a time of high volatility. The bank maintains a bullish target of $200,000 by the end of 2025. This Standard Chartered’s Bitcoin price prediction is significant due to its track record. Kendrick recalled forecasting $100,000 for 2024 when Bitcoin was worth only $25,000 in 2023. The bank’s confidence reinforces the narrative of Bitcoin in the digital economy.
Are We Facing the Last Major Correction Before All-Time Highs?
Kendrick’s advice to investors is clear: “stay nimble and ready to buy the dip.” This view suggests that any pullback below $100,000 represents a strategic entry opportunity. It is not a panic signal. The rotation from gold to Bitcoin is seen as constructive. It indicates that a market bottom is forming. Institutional investors are closely watching these liquidity movements.
The crypto market remains on edge, trading near historic highs. Standard Chartered’s Bitcoin price prediction adds a layer of institutional optimism. The coming weeks will be defining. Observers will watch if the expected shift in global liquidity propels the pioneer cryptocurrency. Technical support remains a critical zone of confidence for investors.
