Bitcoin Holds Near $114K Despite Uncertainty, Analysts Say Rally Could Cement $100K Support Zone
The value of Bitcoin (BTC) continues to hover across the $114,000 mark as investor sentiment swings between optimism and warning.
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According to Standard Chartered’s head of digital asset analysis Geoffrey Kendrick, the latest developments might mark a transformative section for Bitcoin, one the place its six-figure value zone turns into an enduring assist stage quite than a fleeting milestone.
Macro Tailwinds Drive Market Mood
Kendrick factors to a rebound in international threat urge for food after latest indicators of détente between the United States and China.
Discussions round delayed rare-earth export restrictions and elevated U.S. agricultural purchases by China have eased commerce tensions forward of the high-level summit between President Donald Trump and President Xi Jinping.
Kendrick notes that this shift in geopolitics has helped restore confidence in threat property, together with Bitcoin, and could also be influencing the latest uptick within the Bitcoin-to-gold ratio, a key sentiment indicator for crypto markets.
In parallel, expectations of a possible interest-rate lower by the Fed and the potential for the financial institution pausing its quantitative-tightening programme have additionally lifted hopes of elevated liquidity, additional favouring risk-on trades. Analysts recommend that if the Fed pivots, it may function a lift for Bitcoin’s structural up-trend.
Spot Bitcoin ETF Flows Could Cement the New Floor
Beyond macro developments, Standard Chartered emphasises the rising position of institutional flows into spot Bitcoin ETFs. The imagine that over $2 billion lately exited gold-backed ETFs, and argues that even half of these funds shifting into BTC merchandise would symbolize a significant structural change in capital allocation.
This issues as a result of it indicators a shift away from the normal narrative that Bitcoin’s value strikes are primarily pushed by its miner-reward “halving” occasions.
Instead, large-scale adoption and institutional funding now seem like the dominant drivers of the market. If this momentum persists, Kendrick asserts that Bitcoin could also be coming into a brand new section the place dropping under $100,000 turns into unlikely.
Bottom Line
At current, Bitcoin stays inside a consolidation vary close to $112,000–114,000, with technicals pointing to a tightening in volatility and potential for a breakout as soon as macro catalysts settle.
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If Bitcoin can maintain above this cluster and institutional flows proceed unabated, the $100,000 stage might now not be only a psychological barrier, it may grow to be the de facto flooring. Traders and buyers might be watching intently within the days forward for affirmation of those developments.
Cover picture from ChatGPT, BTCUSD chart from Tradingview
