Standard Chartered Report: Bitcoin is expected to exceed $100,000 next week! The market has digested negative news and explained in detail

Standard Chartered Bank predicts: Bitcoin is expected to exceed $100,000 next week!

The recent Bitcoin price fluctuates in the range of $94,000 to $100,000, and the market sentiment is cautious. However, Geoffrey Kendrick, global head of digital assets research at Standard Chartered, pointed out in his latest report that this consolidation trend may change this weekend.

Kendrick believes that if the price of Bitcoin rises slightly this weekend, it may attract a large amount of capital inflows next week, pushing the price of Bitcoin beyond $100,000, or even to $102,500. He pointed out that the market had been affected by negative news, such as the DeepSeek incident and tariff shocks, but these negative factors have been digested by the market. In addition, the rate of interest on the US 10-year Treasury bond fell below 4.5%, which also provided a positive signal for risky assets.

Kendrick also mentioned the "Jinfen Finance" characteristics of Bitcoin: demand increases when prices rise and demand decreases when prices fall, which is contrary to the market behavior of most commodities.

Miner surrender signal suggests a potential rebound

Meanwhile, cryptocurrency analyst bitcoindata21 quoted Glassnode data to point out that the Bitcoin hashband indicator shows that miners may be experiencing a new "surrender" phase, which usually indicates a bottoming out Bitcoin rebound. The last miner surrender occurred in mid-October 2024, followed by a record high of $108,000. This indicator further supports the potential rebound in Bitcoin prices.

The current price of Bitcoin is US$97,523, with a 24-hour decline of 0.35%. Kendrick's predictions and miners' surrender signals are worth paying attention to, but the Bitcoin market is highly volatile and investors still need to be cautious.

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