{"id":17274,"date":"2025-10-23T14:39:35","date_gmt":"2025-10-23T12:39:35","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=17274"},"modified":"2025-10-23T14:39:35","modified_gmt":"2025-10-23T12:39:35","slug":"standard-chartered-forecasts-final-bitcoin-plunge-before-surpassing-100000","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/10\/23\/standard-chartered-forecasts-final-bitcoin-plunge-before-surpassing-100000\/","title":{"rendered":"“Standard Chartered Forecasts Final Bitcoin Plunge Before Surpassing $100,000”"},"content":{"rendered":"

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Bitcoin remained around the mid-$100,000s on Thursday, Oct. 23, as Standard Chartered\u2019s global director of digital assets analysis Geoffrey Kendrick cautioned that a drop below $100,000 by this weekend \u201cseems unavoidable\u201d\u2014while adding that any break could be transient the last instance bitcoin ever trades below six figures. The comments, made in a mid-week client communication and shared<\/a> by The Block, outline a tactical retreat within a still-intact macro bullish narrative the bank has advocated for months.<\/p>\n

Final Bitcoin Decline Below $100,000 Ahead<\/h2>\n

Kendrick\u2019s communication contrasts short-term wariness with long-term belief. In the same research update where Standard Chartered reconfirmed a projection of $200,000 by year-end<\/a>\u2014dependent on ETF interest, corporate treasury involvement, and a more favorable policy environment\u2014the strategist has now highlighted a gap toward sub-$100,000 as the market processes October\u2019s downturn and a slight rebound. \u201cA drop beneath $100,000 now seems \u2018inevitable,\u2019\u201d Kendrick mentioned on Wednesday, while emphasizing that any decline should be brief and potentially the \u201cfinal-ever chance to acquire BTC for under six figures.\u201d<\/p>\n

Related Reading<\/span><\/h2>\n<\/p>\n

The adjustment follows an early-October swing that witnessed bitcoin struggle to maintain its recent local peak\u2014Kendrick referred to the Oct. 10 risk-off break and the lack of a robust reflex rally\u2014redirecting the bank\u2019s attention to where the market finds its bottom rather than whether it promptly resumes the trend.<\/p>\n

In the most recent note, Kendrick indicated a few milestones for a base-building stage, including observing capital rotation between gold and bitcoin and the trajectory of US dollar liquidity and quantitative tightening. He also noted that bitcoin has respected its 50-week moving average since early 2023, a level he considers as a critical longer-term line in the sand.<\/p>\n

The short-term crosscurrents complicate, but do not overturn, Standard Chartered\u2019s cycle agenda. As recently as July 2, the bank informed clients it anticipated the largest dollar rally on record in the latter half of 2025, with bitcoin reaching $200,000 by Dec. 31. This framing\u2014ETF inflows<\/a>, corporate balance-sheet adoption<\/a>, and regulatory normalization as the primary drivers\u2014remains central to Kendrick\u2019s bullish outlook, even as he acknowledges a brief excursion below $100,000 is now likely. \u201cThe decline could symbolize the last opportunity to ever purchase BTC for six figures,\u201d the latest report highlighted.<\/p>\n

Related Reading<\/span><\/h2>\n<\/p>\n

Market context aligns with the cautionary short-term tone. Over the prior two weeks, bitcoin has lost approximately ten percent, with spot trading today hovering around $108,000 as liquidity diminishes heading into the weekend and macro sensitivity to policy updates stays heightened.<\/p>\n

What matters moving forward is whether the confirmation signals Kendrick emphasized begin to align. A significant improvement in dollar liquidity conditions, sustained indications of a rotation back into bitcoin to the detriment of gold, and maintenance of higher-timeframe trend structures would validate the \u201clast time below $100,000\u201d assertion.<\/p>\n

In the absence of those, a deeper retracement cannot be dismissed, but that scenario would represent a deviation from the bank\u2019s published roadmap rather than its base expectation. For now, Standard Chartered\u2019s message is clear: prepare for a dip below six figures, but regard it\u2014quoting Kendrick directly\u2014as \u201cthe last-ever chance to purchase BTC for under six figures,\u201d assuming medium-term catalysts reassert.<\/p>\n

At press time, BTC was trading at $109,953.<\/p>\n

BTC attempts to regain key resistance, 1-day chart | Source: BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image created with DALL.E, chart from TradingView.com<\/p>\n<\/div>\n


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Source link <\/a>
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“`html Bitcoin remained around the mid-$100,000s on Thursday, Oct. 23, as Standard Chartered\u2019s global director of digital assets analysis Geoffrey Kendrick cautioned that a drop below $100,000 by this weekend \u201cseems unavoidable\u201d\u2014while adding that any break could be transient the last instance bitcoin ever trades below six figures. The comments, made in a mid-week client<\/p>\n","protected":false},"author":3,"featured_media":17275,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[4002,338],"class_list":{"0":"post-17274","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-gptreturn-a-list-of-comma-separated-tags-from-this-title-standard-chartered-predicts-last-bitcoin-dip-below-100","9":"tag-000-gpt"},"yoast_head":"\n"Standard Chartered Forecasts Final Bitcoin Plunge Before Surpassing $100,000" - WSJ-Crypto<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wsj-crypto.com\/index.php\/2025\/10\/23\/standard-chartered-forecasts-final-bitcoin-plunge-before-surpassing-100000\/\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\""Standard Chartered Forecasts Final Bitcoin Plunge Before Surpassing $100,000" - WSJ-Crypto\" \/>\n<meta property=\"og:description\" content=\"“`html Bitcoin remained around the mid-$100,000s on Thursday, Oct. 23, as Standard Chartered\u2019s global director of digital assets analysis Geoffrey Kendrick cautioned that a drop below $100,000 by this weekend \u201cseems unavoidable\u201d\u2014while adding that any break could be transient the last instance bitcoin ever trades below six figures. 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