“Last Time Under $100K”: Standard Chartered Issues Bold Bitcoin Forecast

This article was first published on The Bit Journal.

Standard Chartered has issued a bold forecast for Bitcoin, that it will briefly go below $100,000, but this could be the last time. In its note, Standard Chartered called it the “last time Bitcoin is ever below six figures”.

With Bitcoin trading near $108,000 after recently hitting an all-time high of $126,000, this is a big question mark for the next leg. 

What the Forecast Actually Says

Standard Chartered’s head of digital assets research, Geoffrey Kendrick, predicts Bitcoin will dip below $100,000 in the short term but bounce back. In the bank’s report:

“A dip below $100,000 seems inevitable… this could be the last sub-$100K level ever.”

The bank cites short-term selling, profit-taking and liquidation cascades as the catalysts. Sounds bearish but the bank is framing this as a buying opportunity; a transition not a reversal.

Why They See This as a Buying Opportunity

Standard Chartered links the Bitcoin Dip below $100K scenario to macro and institutional flows. The bank points to recent liquidation events that saw prices drop from $126,000 to the $104,000-$108,000 range.

The firm also sees inflows into Bitcoin exchange-traded products (ETPs) resuming even as liquidity is tight, meaning institutional demand is still there.

The bank sees capital rotating from gold into Bitcoin as its report noted that a big drop in gold prices coincided with a $BTC bounce. In this view, a Bitcoin dip below $100K is not a broken market but a reset and a buying opportunity.

Market and Technicals

Bitcoin has dropped from near $126,000 to around $108,000 due to trade tensions, macro uncertainty and large liquidations. Standard Chartered notes that Bitcoin’s 50-week moving average has held since 2023 and is the support for their bullish view.

In the context of Bitcoin dip below $100K, their model assumes once support is confirmed and liquidity normalizes, the market can resume upwards. The idea of a last time below $100,000 means lower price levels may not happen again in the same way as institutional adoption grows.

The Implications of a $100K Dip

If the Bitcoin price were to dip below $100K, the implications are complex and multifaceted. For investors, that scenario suggests a potential buying opportunity rather than a reason to panic sell.

For institutions, it implies that the entry window may be getting tighter. And for the market as a whole, it could mark a point where Bitcoin’s price floor permanently shifts upward.

Standard Chartered’s concerns go beyond just a price drop, they’re about the overall market architecture; investors still flowing into ETPs, the market getting more normal and adoption broadening out.

If the dip is just a quick blip followed by a recovery, it could reinforce Bitcoin’s transformation from a speculative asset to a more respectable digital store of value.

Conclusion

The forecast of a Bitcoin dip below $100K from Standard Chartered offers a fresh perspective; one where a short-term decline isn’t a reason to freak out, but rather a last chance entry point before a bigger move up.

As Bitcoin teeters on the edge of the $100K threshold, the market could be at a real turning point where the price floor shifts upward, institutions really start to adopt and the asset becomes a regular player in mainstream finance.

Whether or not the dip materializes and is brief is anyone’s guess, but the scenario gives market watchers a compelling way to look at Bitcoin’s next chapter.

Glossary

Exchange-Traded Product (ETP): A regulated investment vehicle that tracks an asset’s price like Bitcoin and trades on the open market.

50-week moving average (MA): A long-term support level based on the average of closing prices over the past 50 weeks.

Normalizing liquidity: When the market returns to a more balanced state after market stress or a big upswing.

Capital rotation: When investors move their funds from one asset to another.

Structural price floor: A level below which an asset’s price is unlikely to fall due to the fundamental changes in market conditions or wider adoption.

Frequently Asked Questions About Standard Chatered Bitcoin Dip to $100k Prediction

Why does Standard Chartered think Bitcoin might drop below $100K?

The bank points to short-term market pressures like some traders pulling out of positions, broader uncertainty and the timing of some big flows of money.

Is a dip below $100K bearish for Bitcoin?

Not necessarily. Standard Chartered sees it as a buying opportunity, rather than a warning sign.

What would kill the ‘last chance under $100K’ idea?

If Bitcoin fails to quickly bounce back, breaks important support like the 50-week MA, or institutional investors change their minds.

What does this mean for everyday investors?

It signals to investors that buying opportunities might be getting fewer and fewer, and that more and more institutions are getting on board.

Does this mean Bitcoin’s going to shoot up immediately after a dip below $100K?

No, there’s no guarantee. It all depends on what the money spigots do, whether the market stays liquid and how the broader economic picture shapes up.

Read More: “Last Time Under $100K”: Standard Chartered Issues Bold Bitcoin Forecast">“Last Time Under $100K”: Standard Chartered Issues Bold Bitcoin Forecast