The resolution of international conflicts brings tranquility to financial markets.
Last week, Standard Chartered said bitcoin would fall below $100,000.
Multinational bank Standard Chartered has issued a new outlook on the price of bitcoin (BTC), suggesting that The digital currency may not trade below the $100,000 mark again.
According to Geoffrey Kendrick, head of digital asset research at the entity, this scenario depends on favorable market conditions continuing throughout this week.
In a note sent to investors this Monday, October 27, Kendrick attributes the optimism to the recent easing of trade tensions between the United States and Chinawhich has improved confidence in risk markets.
The analyst highlights the recovery of the relationship between the price of bitcoin and gold to levels prior to tariff uncertainty. Currently, bitcoin is trading at around USD 115,000, as can be seen in the CriptoNoticias Calculator.
The new stance represents a rapid shift in the bank’s vision. Last Saturday, October 25, Kendrick himself had warned to its clients about the possibility of bitcoin falling below $100,000, calling it a “last buying opportunity” before a sustained rally toward $200,000 by the end of 2025.
Kendrick duck that, to confirm the strength of the bullish trend, it will be key to watch new capital inflows into spot bitcoin exchange-traded funds (ETFs). Furthermore, he considers that a new all-time high in the price of the digital currency would mark the end of the cycle theory. halving as the main market driver, giving prominence to ETF flows.
Although analyzes by financial institutions offer a perspective of the market, it is essential to remember that price projections are speculative and can change drastically depending on the situation. Investors are advised to conduct their own research before making financial decisions and Do not operate based on the opinions of third parties.