Standard Chartered Raises Bitcoin Price Forecast, Eyes $126K
Standard Chartered has revised its Bitcoin price forecast, suggesting it could reach $126,000 by year-end, driven by a recent 24% price surge and recovering ETF inflows. The bank's previous target of $100,000 is now seen as too low, reflecting increased market optimism following record short liquidations.
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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 sharp recovery has raised the possibility that Geoffrey Kendrick’s $100,000 year-end forecast may […]
Standard Chartered says Bitcoin could retest $126K before year-end
Bitcoin has climbed about 24% over the past week to around $76,844, prompting Standard Chartered to say its $100,000 year-end forecast may now be too low as the cryptocurrency moves closer to its $126,000 all-time high. According to Geoff Kendrick,…
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.