US EditionHere's Why Bitcoin (BTC) May Crash Below $100K
Standard Chartered forecasts a brief dip below $100,000 for Bitcoin while traders see a 66% chance of this drop before a potential recovery later this year.
- On Wednesday, Geoff Kendrick of Standard Chartered said a drop below $100,000 is inevitable as bitcoin hovers around $100,000 after a 14% fall from October 6.
- Kendrick pointed to shifting flows between gold and bitcoin, noting gold recently outperformed bitcoin and a sharp gold selloff matched a strong bitcoin intra-day bounce.
- Market-Derived probabilities show Robinhood traders price a 66% chance bitcoin falls below $100,000 this year and a 33% chance of a drop under $90,000, while funding rates turn negative and open interest rises.
- Analysts recommended staying nimble and ready to buy any dip below $100,000, warning traders to think twice before opening leveraged shorts because reversals can be swift.
- Next week's Federal Reserve meeting could shift sentiment by cutting rates, with catalysts including a US government reopening or eased US-China trade war; Kendrick projects $200K year-end 2025 and $500K end 2028.
21 Articles
21 Articles
BTC reclaims $109k as analysts predict dump
Key takeaways BTC is trading above $109k after adding 1% to its value in the last 24 hours. Standard Chartered analysts believe BTC’s price could dip below $100k before resuming its rally. Bitcoin could slide below $100k, says Standard Chartered analysts Bitcoin has been extremely volatile this month, dropping to the $102k level just days after hitting a new all-time high of $126k. The price has failed to recover since the October 10 liquidation…
Last-Ever Bitcoin Dip Below $100,000 Looms This Week, Standard Chartered Warns
Bitcoin hovered near the mid-$100,000s on Thursday, Oct. 23, as Standard Chartered’s global head of digital assets research Geoffrey Kendrick warned that a move below $100,000 by this weekend “seems inevitable”—while adding that any break could be fleeting the last last time bitcoin is ever below six figures. The remarks, delivered in a mid-week client note and shared by The Block, frame a tactical pullback inside a still-intact macro bull thesi…
Since its recent historic summit at $126,000, Bitcoin has been entering a consolidation phase around $110,000. A position deemed unstable by Standard Chartered analysts who are considering an "inevitable fall" to the $100,000. We're taking stock. The article Towards an "inevitable fall" of Bitcoin at $100,000? That's the opinion of these analysts has appeared first on Cryptoast.
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