Bitcoin's Path to $100K: Doubt vs. Conviction
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Standard Chartered has reaffirmed its year-end Bitcoin price target of $100,000 despite last week's dip below $60,000—the first such level since October 2024. Geoffrey Kendrick, the bank's global head of digital assets research, acknowledged the selloff as "painful" but suggested that the worst of the liquidation may be over. However, the broader market remains skeptical, with growing doubts about the feasibility of a rapid recovery. The divergence between institutional conviction and retail sentiment highlights a critical juncture: either the bank's forecast proves prescient, or the market's caution signals deeper headwinds. Investors should monitor on-chain flows and macroeconomic triggers for confirmation of a trend reversal.
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