Standard Chartered Lowers Bitcoin Forecast: Predicts Price Dive To $50,000 Before Rebound
Standard Chartered lowered its long-term outlook for Bitcoin (BTC) for the second time in lower than three months because the cryptocurrency market seems to have entered a brand new bearish cycle.
With the main cryptocurrency at present consolidating beneath the important thing $70,000 stage, the financial institution now warns that the asset may fall as little as $50,000 earlier than staging a restoration.
Standard Chartered Cuts Bitcoin Target to $100,000
In a word printed Thursday, Geoff Kendrick, Standard Chartered’s head of digital belongings analysis, stated the financial institution now expects Bitcoin to succeed in $100,000 by the top of 2026.
The newest determine marks a big discount from its earlier $150,000 projection for BTC. The revision follows an earlier downgrade in December, when the financial institution minimize its goal from an formidable $300,000.
According to Bloomberg’s report on the matter, the financial institution’s extra cautious stance displays a mix of weakening macroeconomic situations and shifting investor habits, particularly over the previous month’s downtrend.
The main cryptocurrency has declined greater than 40% from its October peak towards present buying and selling costs of round $67,160, whereas the US spot Bitcoin change‑traded funds (ETFs) sector has seen practically $8 billion in internet outflows.
Kendrick famous that slowing US financial momentum and lowered expectations for Federal Reserve (Fed) rate cuts have weighed closely on digital belongings. In specific, declining ETF holdings have eliminated what had been a essential supply of demand throughout earlier rallies.
The curiosity‑price atmosphere stays a central concern. Markets have pushed again expectations for Federal Reserve easing, with buyers now anticipating that the primary price minimize might come later within the yr than beforehand thought.
Kendrick additionally pointed to uncertainty surrounding future Federal Reserve management as an extra issue contributing to Bitcoin warning. The financial institution warned that deteriorating macro conditions and the chance of additional investor capitulation may proceed to stress costs within the close to time period.
Ethereum Could Drop To $1,400
Despite the extra conservative Bitcoin forecasts, Standard Chartered emphasised that the present downturn seems extra orderly than earlier crypto market collapses.
Kendrick highlighted that on‑chain exercise information continues to point out enchancment, suggesting that underlying community utilization stays wholesome.
Moreover, the financial institution’s head of analysis highlighted that the market has not skilled the kind of high‑profile platform failures that outlined the 2022 cycle, when the collapses of Terra/Luna and FTX triggered widespread contagion.
The financial institution additionally revised its outlook for Ethereum (ETH). Its 2026 value goal for the second‑largest cryptocurrency was lowered to $4,000 from $7,500. Before reaching that stage, analysts anticipate Ether may fall to round $1,400.
Featured picture from OpenArt, chart from TradingView.com
