“Every cycle has a moment when sentiment flips overnight. For Bitcoin, that moment is happening right now.”
The bank’s head of digital assets analysis, Geoff Kendrick, stated that Bitcoin still has a clear path to $200,000 before year’s end and that the recent sell-off seemed “exhausted.”
Today’s BTC Chart Analysis In TradingView
Bitcoin is trading at $91,418, up 0.29%, showing early signs of stability above the key $90K level. Market cap rose to $1.82T, reflecting steady investor confidence.
A sharp 36.55% jump in volume signals renewed interest and the potential start of a stronger upside move.
With a daring new prediction that the worst of the Bitcoin decline is over and an important December rally may be imminent, Standard Chartered has rocked the cryptocurrency market.
Although the market was alarmed by Bitcoin’s brief decline below $100,000 in October, Kendrick thinks the volatility was really momentary. He claims that long-term investors now have a fresh chance to purchase because of the pullback.
As institutional inflows into spot Bitcoin ETFs continue to climb, he anticipates a return of strong upward momentum.
Among the big financial organisations, the bank continues to have one of the more optimistic outlooks. Large asset managers, pension funds, and international investment organisations, according to Standard Chartered.
They are gradually growing their Bitcoin exposure, generating long-term demand that might spur a significant year-end surge.
Although some analysts are still concerned because of recent pricing pressure and macroeconomic uncertainty, others anticipate a recovery before the end of 2025.
However, Standard Chartered insists that the underlying factors driving Bitcoin’s expansion remain unchanged.
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