![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/10\/20251018_1556_Bitcoin-Market-Contrasts_simple_compose_01k7vdm3fxf4ss276eev2ms282.png\")
\n<\/picture> <\/div>\n<\/p><\/div>\nKey takeaways<\/span><\/p>\n Bitcoin has been extraordinarily unstable this month, dropping to the $102k degree simply days after hitting a brand new all-time excessive of $126k. The worth has didn’t get well for the reason that October 10 liquidation occasion.<\/span><\/p>\n Standard Chartered\u2019s head of digital asset analysis, Geoffrey Kendrick, instructed traders on Wednesday that Bitcoin may drop briefly beneath the $100,000 mark by the weekend. The analyst added that the dip is inevitable however expects it to be short-term. The dip ought to serve as a window for traders, however maintains that it stays unsure how low Bitcoin may go. In his observe, Kendrick wrote that,\u00a0<\/span><\/p>\n The query now’s, how far does Bitcoin fall earlier than discovering a base?<\/span><\/p>\n<\/blockquote>\n He added that this can be the final time ever Bitcoin falls beneath the $100k degree. According to Kendrick, the all-time excessive recorded on October 6 was in step with short-term worth targets, however didn’t rally larger as a consequence of rising macroeconomic considerations brought on by renewed US-China commerce tensions.<\/span><\/p>\n The analysts identified three elements that might increase Bitcoin\u2019s worth within the close to time period, together with an enormous selloff in Gold earlier this week. He hinted at a doable rotation of funds from treasured metals to extra dangerous property such as cryptocurrencies.\u00a0<\/span><\/p>\n The second issue is the financial coverage, with indicators that the Fed may cut back rates of interest as soon as once more, suggesting one other Bitcoin rally. Kendrick maintains that Bitcoin\u2019s worth may hit $200k regardless of the continued market situations.<\/span><\/p>\n The BTC\/USD 4-hour chart stays bearish and environment friendly regardless of Bitcoin including 1% to its worth within the final 24 hours. At press time, BTC is buying and selling round $109,650 however may rally larger within the close to time period.<\/span><\/p>\n The RSI of 51 exhibits that the bulls are regaining management of the market, with the MACD traces additionally throughout the constructive territory.<\/span><\/p>\n If the restoration continues, BTC may rally in direction of the weekly excessive of $113,964 over the following few hours. An prolonged bullish run would enable it to take out the ILQ degree at $116k. However, if the bearish pattern persists, Bitcoin may drop beneath the weekend low of $105k.<\/span><\/p>\n\n
Bitcoin may slide beneath $100k, says Standard Chartered analysts<\/h2>\n
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BTC eyes $114k as market situations enhance<\/h2>\n
![\"BTC\/USD](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/10\/BTCUSD_2025-10-23_08-57-35.png\")
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