Bitcoin could briefly fall below $100,000 before resuming its long-term uptrend, according to Geoffrey Kendrick, head of digital asset research at Standard Chartered Bank.
Standard Chartered’s Kendrick Sees Bitcoin Dip Below $100K as “Final Buying Opportunity”
22 October 2025 - 16:13 CEST
Kendrick described the pullback as “inevitable but a buying opportunity,” linking recent weakness to renewed US–China trade tensions, tighter liquidity, and investor rotation into gold.
He highlighted Bitcoin’s 50-week moving average, untouched since early 2023, as a key support level.
Kendrick reaffirmed Standard Chartered’s year-end price target of $200,000, saying the next move lower could mark “the last sub-$100k opportunity ever.”
He expects institutional flows and ETF demand to recover once macro conditions stabilize. Bitcoin last traded near $108,000, extending a multi-week decline amid ETF outflows and broader risk aversion.
