Multinational bank Standard Chartered has released a new outlook on the Bitcoin (BTC) price, suggesting that: The digital currency may never trade below $100,000 again.
Jeffrey Kendrick, head of digital asset research at the firm, said this scenario would depend on favorable market conditions continuing throughout this week.
In a note sent to investors this Monday, Oct. 27, Kendrick attributes optimism to recent developments. Easing US-China trade tensionsconfidence in risk markets has improved.
The analyst highlights that the price relationship between Bitcoin and gold has returned to pre-tariff uncertainty levels. As you can see in the CriptoNoticias Calculator, Bitcoin is currently trading at around $115,000 USD.
This new stance represents a rapid change in the bank’s vision. Last Saturday, October 25th, Kendrick himself warned his clients about the possibility of Bitcoin falling below $100,000, calling it the “last opportunity to buy” ahead of a sustained rally towards $200,000 by the end of 2025.
Confirming the strength of the uptrend, Kendrick added: The key is to keep an eye on new capital inflows into spot Bitcoin exchange-traded funds (ETFs).. Furthermore, he believes that if digital currency prices hit new all-time highs, it would mark the end of the cycle theory. cut in half ETF flows stand out as the main factor driving the market.
Although analysis by financial institutions provides a market perspective, it is important to remember that price predictions are speculative and can change significantly depending on circumstances. Investors are encouraged to perform their own independent research before making any financial decisions. Do not base your operations on third-party opinions.
