Standard Chartered wavers on $100K Bitcoin year-end call, says it may be ‘too low’

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Standard Chartered said Bitcoin could reach its all-time high of $126,000 before year-end, with recovery potentially accelerating after Oct. 6 as spot Bitcoin ETF inflows recover. Geoff Kendrick, global head of digital asset research at the bank, said the latest rally was largely driven by short liquidations and that low open interest could leave room for more investors to return. He stated that for the first time this year, his $100,000 end-year forecast risked being too low. Bitcoin was trading at $76,844 at time of writing, up 24% over the past week.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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