{"id":90179,"date":"2025-10-23T10:38:17","date_gmt":"2025-10-23T07:38:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90179"},"modified":"2025-10-23T10:40:16","modified_gmt":"2025-10-23T07:40:16","slug":"standard-chartered-predicts-bitcoin-to-fall-below-100000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/standard-chartered-predicts-bitcoin-to-fall-below-100000\/","title":{"rendered":"Standard Chartered Predicts Bitcoin to Fall Below $100,000"},"content":{"rendered":"

The price of the leading cryptocurrency is expected to drop below $100,000 by this weekend, suggested Jeffrey Kendrick, head of digital asset research at Standard Chartered, as reported by The Block<\/a>.<\/p>\n

He considers the current correction to be short-lived and views it as a buying opportunity. According to Kendrick, the rally to a historical high above $126,000 was interrupted by concerns over the trade war between the US and China, which triggered a plunge<\/a>.<\/p>\n

The analyst believes investors should monitor the capital flow from gold to bitcoin. He noted that the recent sell-off in precious metals coincided with an intraday rebound in the price of the leading cryptocurrency.\u00a0<\/p>\n

Kendrick described this as a “sell gold, buy bitcoin” flow. In his view, such rotations will become more frequent and signal the formation of a bottom.<\/p>\n

Among other indicators of a reversal, the expert highlighted a reduction in liquidity. He suggested that the Federal Reserve’s response to new conditions might be to pause its quantitative tightening program.<\/p>\n

Technical analysis also points to an imminent reversal. Kendrick noted that the 50-week moving average has been acting as support since the beginning of 2023, when the asset was trading around $25,000.<\/p>\n

The analyst advised investors to “be flexible and ready to buy on a dip below $100,000.” He called this “the last time bitcoin will EVER be below” this level.<\/p>\n

Kendrick’s year-end forecast remains<\/a> at $200,000. By 2028, he expects<\/a> to see digital gold at $500,000.<\/p>\n

At the time of writing, the leading cryptocurrency is trading around $109,800, having gained about 2% over the past day, according to CoinGecko<\/a>.<\/p>\n

\"BTCUSDT_2025-10-23_10-18-02\"
15-minute BTC\/USDT chart on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

Back in July, Kendrick stated<\/a> that clients of Standard Chartered’s US division showed more interest in “stablecoins<\/a>” than in bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"

The price of the leading cryptocurrency is expected to drop below $100,000 by this weekend, suggested Jeffrey Kendrick, head of digital asset research at Standard Chartered.<\/p>\n","protected":false},"author":1,"featured_media":90180,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Bitcoin's price may fall below $100,000 by this weekend, says Standard Chartered's Jeffrey Kendrick.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1146,1347],"class_list":["post-90179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts","tag-standard-chartered-plc"],"aioseo_notices":[],"amp_enabled":true,"views":"221","promo_type":"1","layout_type":"1","short_excerpt":"Bitcoin's price may fall below $100,000 by this weekend, says Standard Chartered's Jeffrey Kendrick.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=90179"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90179\/revisions"}],"predecessor-version":[{"id":90181,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/90179\/revisions\/90181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/90180"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=90179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=90179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=90179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}