Bitcoin is currently hovering around the $107,000 mark, as both VanEck and Standard Chartered analysts see further upside.
Geoffrey Kendrick was Standard Chartered’s head of global digital asset research. sees A near-term drop in the price of bitcoin below $100,000 is possible. “inevitable” due to factors like renewed U.S.–China trade tensions.
Kenrick believes any Bitcoin price decline will be temporary and is a good opportunity to buy.
Kendrick highlights gold-to-Bitcoin flows as a key indicator, noting that recent rotations — selling gold to buy Bitcoin — could signal stabilization and mark a bottom.
Kendrick, despite the volatility in markets, remains optimistic, maintaining his prediction of $200,000 at year’s end and $500,000 for 2028.
He encourages investors to be ready and flexible to take advantage of dips in the market below $100,000. “the last time Bitcoin is EVER below” This threshold is a good place to start.
Bitcoin’s price drop is a sign of a mid-cycle reset driven by liquidity
Bitcoin’s October sharp correction is more likely to be a mid-cycle adjustment driven by liquidity than the beginning of a bearish market. according VanEck ChainCheck’s latest report.
Asset manager highlights that while Bitcoin dropped roughly 18% early in October, the leverage has been normalized. On-chain activity is continuing to mature and cryptocurrency’s role as a macro hedge against debasement of fiat currency continues to strengthen.
VanEck analysts Matthew Sigel and Nathan Frankovitz noted that global liquidity — measured through M2 money supply — continues to explain over half of Bitcoin’s price The position of the variance as an “anti–money printing” asset.
It is worth noting that Asian trading sessions are increasingly leading global Bitcoin prices, while recent price declines have been attributed to the tightening liquidity of Asian central banks as they defend their currencies.
Price drop in Bitcoin creates opportunity
Bitcoin dropped from $125,000 down to $105,000 after cascading liquidity caused Bitcoin’s price to drop.
By mid-October leverage had normalized at the 61st centile. VanEck considers this drawdown to be healthy. “deleveraging event” It is a way to reduce speculative exuberance and open up new entry points.
The firm highlights that the institutional involvement in regulated market like CME is increasing, signaling an evolving derivatives landscape as well as a greater integration of Bitcoin with traditional finance.
The on-chain activities reflect a mature market
Bitcoin’s foundations continue to be strengthened. On-chain metrics are showing steady activity growth with 722,000 addresses active daily and the total transfer volume increasing 21% from month to month, reaching over $86 Billion.
VanEck reported that Bitcoin’s trajectory over the long term is closely tied to global trends in liquidity, and it has become a more important macro-hedging tool.
VanEck has included Bitcoin as part of its portfolio model at an allocation between 1.5% to 6%. It considers systematic exposure, and the opportunistic purchase during market declines prudent strategies.
Bitcoin price volatility
Bitcoin had an increase yesterday following a statement by Federal Reserve Governor Christopher Waller that signaled major changes in U.S. Crypto policy. announcing The newest version of the a “skinny master account” program. The Fed will grant eligible digital asset firms and fintechs limited direct access to its payment system.
The price of the product has been slowly declining over the past 24 hours.
Bitcoin price surged past Investors are moving to alternative investments as a result of political gridlock and the expectation that Federal Reserve rates will be cut.
Inflows to spot Bitcoin ETFs, and increasing institutional demand, boosted the price by over 13 percent in just a single week. Bitcoin was regarded as the safe haven in response to economic uncertainty by many. The projected and possible targets ranged from $135,000 up to $200,000 at the end of this year.
Bitcoin was experiencing a seasonal rally. “Uptober” Trend, historically its strongest quarterly. This month, gold also continued its run of record prices, reaching $4,381 an ounce on the back of central bank purchases and a weaker dollar.
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Source: bitcoinmagazine.com
