Bitcoin may still be on track to reach $200,000 by the end of the year, even after a record $19 billion market liquidation and renewed tariff threats from US President Donald Trump, according to Standard Chartered’s global head of digital assets research, Geoff Kendrick. 🌌💸
The crypto market experienced a record $19 billion liquidation event on the weekend of Oct. 10, which caused Bitcoin’s (BTC) price to dip to a four-month low of $104,000 by Friday, CryptoMoon reported at the time. 🤯📉
As the dust settles after the massive liquidation event, investors may see it as a buying opportunity. This dynamic may fuel a Bitcoin rally to $200,000 by the end of 2025, Kendrick said. Despite the volatility, he remains confident that Bitcoin will rebound as markets stabilize. 🧠📈
“My official forecast is $200,000 by the end of the year,” he told CryptoMoon during an exclusive interview at the 2025 European Blockchain Convention in Barcelona. 🌍💰
Despite the “Trump noise around tariffs,” Kendrick said he still sees a price rise “well north of $150,000” in the bear case for the end of the year, assuming the US Federal Reserve continues cutting interest rates to meet market expectations. 🎲⚖️
Bitcoin fell 6% over the past month and traded at about $108,260 at the time of writing, CryptoMoon data shows. 📉💫
Kendrick said the aftermath of the liquidation event may take several weeks to settle, but investors may soon view the sell-off as another accumulation phase. 🌀🔄
This could ultimately become the next significant “buying opportunity” for investors, he said. 🧠🛒
Bitcoin to rally on back of ETFs, gold price: Geoff Kendrick 🚀📈
Kendrick predicted continued inflows to Bitcoin exchange-traded funds (ETFs) as the primary driver of Bitcoin’s price momentum for the rest of the year. 💰📈
The current dip will prepare us for another leg up, “mostly on the back of the ETF inflows,” Kendrick said, adding: “There’s no reason for them to stop. The US government shutdown, Fed rate cuts. All that story is playing out already in gold.” 🏦📉
“There’s no reason for them to stop. The US government shutdown, Fed rate cuts. All that story is playing out already in gold.”
Gold’s recent all-time highs will also translate into more momentum for Bitcoin, as its safe-haven asset narrative reemerges, he added. 🌍💰
Bitcoin ETFs recorded a sharp rebound in flows this week after several days of politically driven outflows. On Tuesday, the funds saw $477 million in net positive inflows, according to Farside Investors, breaking a four-day losing streak. 🧠💥
In a February interview, Kendrick predicted that Bitcoin could surge to $500,000 by the time Trump concludes his second term in 2028, CryptoMoon reported. 🚀🌌
Read More
- ETC PREDICTION. ETC cryptocurrency
- GBP CHF PREDICTION
- SKY PREDICTION. SKY cryptocurrency
- AAVE PREDICTION. AAVE cryptocurrency
- CNY JPY PREDICTION
- EUR GBP PREDICTION
- USD CAD PREDICTION
- QNT PREDICTION. QNT cryptocurrency
- USD BGN PREDICTION
- SOL PREDICTION. SOL cryptocurrency
2025-10-22 14:22