Bitcoin (BTC) price faces a midterm risk of dropping below $100,000 soon, Standard Chartered’s Geoff Kendrick says. According to the bank’s market analyst, the Bitcoin price may briefly fall below $100k amid trade war worries.
However, Geoff noted that the potential Bitcoin price drop below $100k may be short-lived. As such, Geoff noted that such a Bitcoin move would be a buying opportunity, for as long as the asset remains above the 50-week Moving Average (MA).
Standard Chartered Relates Bitcoin and Gold Moves
According to the bank’s analyst, Bitcoin price recently briefly rebounded after gold recorded its worst two consecutive days since mid-August 2025. Geoff noted that BTC price briefly rebounded as capital rotation from gold to the flagship coin escalated.
As such, if the Gold price continues with its weakness in the midterm, the Bitcoin price may experience a parabolic rally. The Bitcoin buying opportunity will continue for as long as the fear and greed index continues to hover in the fear zone of below 30.
Other Key BTC Opinions to Consider
According to Mike Novogratz, CEO of Galaxy, the Bitcoin price is likely to hold above the support level around $100k in the midterm. In an interview on Wednesday, Novogratz noted that the Bitcoin price will likely rally if President Donald Trump makes a move on the Federal Reserve amid the anticipated rate cuts.
Meanwhile, the Bitcoin MVRV Extreme Deviation Pricing Bands from Glassnode show that the flagship coin has lost a crucial support level above $120k. Consequently, BTC price must consistently rally above $120k to invalidate a capitulation towards $97k or even $74.5k in the worst-case scenario.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed