Bitcoin News
By James Thorp
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Short Liquidations and ETF Inflows Driving the Call. The mechanics behind Kendrick's thinking aren't complicated. Short liquidations push prices up fast.
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Bitcoin at $76,844 — Other Analysts See a Bottom Forming. Bitcoin traded at $76,844 over the past week, up 24% in that stretch. That's a meaningful move.
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Standard Chartered's Shifting Targets Through the Year. Standard Chartered's forecast history this year is worth laying out clearly, because it's moved…
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Geoff Kendrick thinks Bitcoin can get there. The Standard Chartered global head of digital asset research put out a call suggesting Bitcoin could push toward $126,000 before…
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It's a bold call, especially from someone who already walked back a bigger number. Earlier in the year, Kendrick cut Standard Chartered's year-end Bitcoin target from $150,000…
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He also flagged low open interest as a factor. That might sound counterintuitive, but low open interest means there's room for new money to come in and push prices higher without…
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Kendrick isn't walking away from his $100,000 call entirely — he framed current conditions as a risk to that forecast, not a replacement for it.
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Bitcoin traded at $76,844 over the past week, up 24% in that stretch. That's a meaningful move. And it's not just Standard Chartered noticing.
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Cory Klippsten, CEO of Swan Bitcoin, has weighed in on the idea of a bottoming market. So has Markus Thielen of 10x Research.
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Related: Bitcoin ETF Inflows Surge to $517 Million, Marking Biggest Day Since May
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That's a pretty concrete threshold. Not vague vibes — an actual price point to watch.
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The broader picture is that several voices in the industry are now leaning toward a market bottom, though not everyone agrees. Some analysts stay cautious.
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Standard Chartered's forecast history this year is worth laying out clearly, because it's moved around a lot. The bank started with a $150,000 year-end target for Bitcoin.
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Now Kendrick is layering in $126,000 as a possibility on top of the $100,000 base. It's not a full reversal of the conservative turn, more like an upside scenario he thinks the…
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See also: Bitcoin Miners Sink $30.7 Billion into AI, Reap Just $341 Million in Returns
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