Bitcoin Navigates Dual Signals: Standard Chartered Foresees Brief Dip Below $100K Amid Bullish Long-Term Outlook
Bitcoin (BTC) finds itself at a pivotal juncture, with global macroeconomic indicators presenting a mixed bag of both caution and compelling opportunity. While a prominent financial institution, Standard Chartered PLC, anticipates a near-term price correction for the flagship cryptocurrency, the broader economic landscape suggests robust long-term growth.
Short-Term Correction Predicted: Market Faces Trade Tensions & Liquidity Risks
Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, has issued a warning of a potential, albeit brief, dip for Bitcoin below the $100,000 threshold. This forecast is primarily attributed to intensifying global risks, particularly escalating U.S.-China trade tensions, which could trigger a short-lived market correction. Despite this bearish short-term outlook, Kendrick frames the potential drop as a "buying opportunity," boldly stating it might be the "last time Bitcoin is EVER below" $100,000. He also highlights significant capital reallocation from traditional assets like gold into Bitcoin, indicating a structural shift in investor preference. Technical indicators, such as the 50-week moving average, are cited as crucial support levels, reinforcing the expectation that any downturn would be temporary.
Bullish Macro Backdrop: M2 Growth & Institutional Flows Drive Long-Term Appeal
Counterbalancing the immediate concerns, the macro environment offers strong supportive themes for Bitcoin's long-term trajectory. Analysts observe a notable correlation between global M2 money supply growth and Bitcoin's historical price fluctuations, suggesting the asset's evolving role beyond mere speculation. As central banks globally continue to infuse liquidity into the financial system, Bitcoin's alignment with broader money-supply trends bolsters its standing as a potential hedge or portfolio diversifier. Furthermore, sustained institutional interest and elevated on-chain activity underscore that any current price pullback is likely a healthy mid-cycle reset rather than a fundamental reversal.
What This Means for Bitcoin (BTC) Investors
For investors, the current climate necessitates a strategic approach. While preparing for potential short-term volatility around or below the $100,000 mark, it's crucial to monitor key support levels and overarching macro catalysts. Kendrick maintains an optimistic price target of $200,000 by year-end and an ambitious $500,000 by 2028, implying that the forecasted dip could represent a significant, long-term entry point for savvy market participants.
