Standard Chartered Bank: Bitcoin year-end target of $100,000 or too low to recover or accelerate after 6 October

On 23 August, Geoff Kendrick, Global Manager of the Standard Chartered Digital Assets Study, indicated that bitcoin was likely to move towards a historic high of $126,000 by the end of the year, with a related recovery or acceleration after 6 October. He said that for the first time since the current year, there was a risk that my projection of $100,000 at the end of the year might be too low. Kendrick stated that the recent increase had been driven mainly by empty liquidations, but that the inflow of spot ETF in Bitcoin had also begun to recover. The current low level of unwinding may allow more investors to re-enter the market in the course of rising prices. In February of this year, Kendrick reduced the Bitcoin target for Standard Chartered Bank from US$ 150,000 to US$ 100,000 at the end of the year and from US$ 7,500 to US$ 4,000 at the Tokyo target. At that time, he anticipated that bitcoin would fall to around $50,000, that the ETA would fall to around $1,400, and that it would then rise again for the rest of the year。