Standard Chartered wavers on $100K Bitcoin year-end call, says it may be ‘too low’

Standard Chartered wavers on $100K Bitcoin year-end call, says it may be ‘too low’

Standard Chartered’s Geoff Kendrick said Bitcoin could move toward its $126,000 all-time high after Oct. 6 as spot Bitcoin ETF inflows recover. Bitcoin may move toward its all-time high of $126,000 before the end of the year, with the recovery potentially accelerating after Oct. 6, according to Geoff Kendrick, global head of digital asset research at Standard Chartered. Kendrick said in a Friday note shared with Cointelegraph that the latest ral…

Bitcoin’s $100K Forecast May Be Too Low After Record Short Squeeze - Invest In Crypto News

Key Takeaways Standard Chartered says its $100,000 bitcoin forecast may be too low.Bitcoin climbed to $79,500 on Aug. 21, its highest level since May.Bitcoin ETF inflows reached approximately $1.92 billion over five sessions. Record Short Liquidations Reshape Bitcoin Outlook Bitcoin’s sharp recovery has raised the possibility that Geoffrey Kendrick’s $100,000 year-end forecast may prove too conservative, the Standard Chartered analyst wrote in r…

Bitcoin’s $100K Forecast May Be Too Low After Record Short Squeeze

Standard Chartered’s Geoffrey Kendrick says record bitcoin short liquidations and renewed ETF demand have increased the market’s upside risk. He now sees a possible year-end run from $79,500 toward bitcoin’s $126,000 record, a 58% climb. Record Short Liquidations Reshape Bitcoin Outlook Bitcoin’s...