Summary
- It was analyzed that if Bitcoin (BTC) completely falls below $90,000, it could drop approximately 10% in the short term.
- There is a risk of panic selling driven by macroeconomic factors, and the market risk is likely to expand.
- It was added that if a second Trump administration comes into power, institutional funds will flow back in, and Bitcoin's price could reach $200,000 by the end of 2025.
According to The Block, a cryptocurrency-focused media outlet, on the 14th (local time), Geoff Kendrick, head of digital asset research at Standard Chartered, recently stated in an investor memo that "if Bitcoin (BTC) completely falls below $90,000, it could drop approximately 10% in the short term to the low $80,000 range."
He mentioned, "After the U.S. election, the BTC spot Exchange-Traded Fund (ETF) has reached its breakeven point, and there is a risk of additional panic selling driven by macroeconomic factors," adding that "BTC has already fallen to around $90,000, and the market risk is likely to expand."
He further added, "However, if a second Trump administration comes into power, institutional funds will flow back in, and BTC could reach $200,000 by the end of 2025."
Meanwhile, as of 02:16 on the 15th, BTC is trading at $96,084.77 on the Binance Tether (USDT) market, up 4.69% from the previous day.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
