Last-Ever Bitcoin Dip Below $100,000 Looms This | Crypto News
Bitcoin hovered close to the mid-$100,000s on Thursday, Oct. 23, as Standard Chartered’s global head of digital property research Geoffrey Kendrick warned that a transfer below $100,000 by this weekend “seems inevitable”—while including that any break could possibly be fleeting the last last time bitcoin is ever below six figures. The remarks, delivered in a mid-week shopper notice and shared by The Block, body a tactical pullback inside a still-intact macro bull thesis the bank has championed for months.
Last-Ever Bitcoin Dip Under $100,000 Ahead
Kendrick’s message juxtaposes near-term warning with longer-term conviction. In the same research cycle where Standard Chartered reiterated a goal of $200,000 by year-end—hinging on ETF demand, company treasury uptake, and a friendlier coverage backdrop—the strategist has now flagged an air-pocket toward sub-$100,000 as the market digests October’s sell-off and a tepid bounce. “A decline below $100,000 now appears ‘inevitable,’” Kendrick said on Wednesday, while stressing that any dip ought to be short-lived and possible the “last-ever chance to buy BTC for less than six figures.”
The recalibration follows an early-October swing that noticed bitcoin fail to maintain above its current local high—Kendrick cited the Oct. 10 risk-off break and the absence of a strong reflex rally—shifting the bank’s focus to where the market bottoms fairly than whether or not it immediately resumes development.
In the latest notice, Kendrick pointed to a handful of signposts for a base-building section, including monitoring capital rotation between gold and bitcoin and the trajectory of US greenback liquidity and quantitative tightening. He also noticed that bitcoin has revered its 50-week transferring average since early 2023, a degree he views as an important longer-duration line in the sand.
The near-term crosscurrents complicate, but don’t upend, Standard Chartered’s cycle map. As just lately as July 2, the bank told shoppers it anticipated the biggest greenback rally on file in the second half of 2025, with bitcoin at $200,000 by Dec. 31. That framing—ETF inflows, company balance-sheet adoption, and regulatory normalization as the dominant drivers—stays the core of Kendrick’s upside case, even as he concedes that a temporary journey under $100,000 is now possible. “The decline could mark the last time to ever buy BTC for six figures,” the latest dispatch emphasised.
Market context is aligned with the cautionary near-term tone. Over the past two weeks, bitcoin has shed roughly ten p.c, with spot trading today around $108,000 as liquidity thins into the weekend and macro sensitivity to coverage headlines stays elevated.
What issues from right here is whether or not the affirmation alerts Kendrick highlighted start to line up. A decisive enchancment in greenback liquidity circumstances, sustained evidence of rotation back into bitcoin at the expense of gold, and preservation of higher-timeframe development constructions would validate the “last time below $100,000” declare.
Absent those, a deeper retracement can’t be ruled out, but that state of affairs would signify a deviation from the bank’s printed roadmap fairly than its base case. For now, Standard Chartered’s message is unambiguous: brace for a dip under six figures, but deal with it—quoting Kendrick immediately—as “the last-ever chance to buy BTC for less than six figures,” offered the medium-term catalysts reassert.
At press time, BTC traded at $109,953.
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