Bitcoin Surge to New Peaks: Standard Chartered’s Bullish $200K Explosive Forecast
Bitcoin Surge to New Peaks: Standard Chartered’s Bullish $200K Explosive Forecast
2025-10-23
At press time, Bitcoin trades at $107,848.13, with a slight 24-hour dip of 0.08%.
Standard Chartered predicts that Bitcoin will reach $200K at some point.
Geoff Kendrick views the current dip as a buying opportunity.
Bitcoin will be reaching $200K as per the Standard Chartered prediction. They predicted this value amid the ongoing market volatility. People often mention that Bitcoin has the momentum to go forward into new all-time highs.
Bitcoin’s Bold Forecast
Standard Chartered predicts Bitcoin could climb to $200K by the end of the year. This comes right after a sharp market drop. That crash erased $19 billion from the cryptocurrency sector. It created quite a stir among investors.
Geoff Kendrick leads global research on digital assets at the bank. He views the current dip as an ideal buying opportunity. Even with new tariff threats from US President Donald Trump, Kendrick remains confident in this target.
Currently, the coin trades at $107,848.13. And the RSI value sits at 39, which signals an oversold area. The MACD value sits at a drop of 553.78, pointing to a bearish sentiment. This bearish momentum right now may trigger a bullish momentum in the coming days.
Kendrick’s outlook relies on consistent inflows into BTC exchange-traded funds. These ETFs continue to attract capital throughout the year. In his analysis, this steady money will fuel most of Bitcoin’s price movements.
The recent recovery supports his thinking. BTC ETFs saw $477 million in net inflows. This followed a period of outflows linked to political uncertainties.
US economic policies influence the market significantly. Government tariffs and shifts in direction could push prices up or down. Kendrick keeps his positive stance on Bitcoin regardless. He notes that softer inflation data might force short sellers to close positions.
“There’s no reason for them to stop. The US government shutdown, Fed rate cuts. All that story is playing out already in gold.”
Geoff Kendrick
This could encourage more flows into riskier assets. Such changes would stabilise the futures basis. Prices might then rebound quickly. On the other hand, stronger-than-expected consumer price index figures could pressure high-risk investments. In that scenario, Bitcoin might fall toward $3700.
The cryptocurrency market evolves rapidly these days. Investors scrutinise every development for signs of recovery. Standard Chartered’s $200K forecast highlights the blend of risks and opportunities in these fluctuations. Things could unfold in unexpected ways that impact all participants. Even though the current community sentiment also seems bullish.
