Despite the decline in Bitcoin, Standard Chartered, which expects $200,000 for 2025 and $500,000 during the Donald Trump era, shared its current BTC expectation.
Geoffrey Kendrick of Standard Chartered said he expects Bitcoin to fall to the $69,000 to $76,500 range over the weekend or on Monday.
Speaking to The Block, Geoffrey Kendrick, global head of digital assets research at Standard Chartered, said he expects Bitcoin to fall further.
“I expect Bitcoin to drop further into the $69,000 to $76,500 range over the weekend or on Monday.
This is a dip that I would want to buy.”
Kendrick said that risk assets like Bitcoin will remain under pressure following Trump’s latest tariff announcements, adding that the current outlook resembles August 2024, when Bitcoin fell from $70,000 to $50,000 in a week.
“If the market follows a similar course to August 2024, there could be another 5.5% drop from current levels. This could bring Bitcoin to the $69,000 to $76,500 range. I am thinking of buying at these levels.”
*This is not investment advice.
