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Analysis of the market trends is often like a balance between rational expectations and unpredictable volatility. Since the beginning of the year, Bitcoins have been going on dynamics during the weekends, a trend that has settled in five consecutive weeks. However, according to Geoffrey Kendrick, manager Cryptos Research at Standard Chartered, this program could interrupt this system this weekend. It assumes a bull conversion of bitcoins, supported by incoming flows in bitcoin ETFs and improvements in macroeconomic climate. If this analysis proves to be accurate, the first global crypto could find $ 100,000, but in the short term it focuses on $ 102,500.
Breakdown point for bitcoins after five weekends in bankruptcy
Since the beginning of the year, Bitcoin investors have faced a number of difficult weekends marked by negative performance and increased sales pressure. According to Standard Charterd, Bitcoin recorded negative revenues in five consecutive weekends, a rare phenomenon that has helped to weaken confidence in the market. Geoffrey Kendrick explains that this phenomenon has been reinforced by unfavorable news, such as Deepseek’s affair at the end of January and the trade tension between Canada and Mexico in early February.
However, this cycle could get an end. Kendrick emphasizes that current market conditions contribute to the bull conversion. The key element of this hypothesis is based on a decline in US bond yields for 10 years, now below 4.5 %. “This level is generally favorable to risk assets such as bitcoins,” says the analyst. He believes that this weekend could encourage new incoming flows this weekend on Monday, especially through ETF Bitcoins.
$ 100,000 online in sight, market ready to respond
Kendrick doesn’t just expect a simple technical reflection. According to him, the return of bitcoins over $ 100,000 could launch deeper dynamics, supported by the growing interest of institutional investors. “Bitcoin is a good type of Giffen: the more its price increases, the greater the demand,” he says, because it refers to an economic concept where the increase in price stimulates the interest of buying instead of stopping it.
The immediate question is therefore based on the development of the volumes of stock exchanges on Monday. If Bitcoin ETF records an increase in capital inputs, this could strengthen the ascending trend and attract new buyers. In the long run, Kendrick maintains an ambitious forecast: $ 200,000 by the end of 2025, with the aim of $ 500,000 by 2028. that could a regulation that could a regulation that could a regulation that could a regulation that could a regulation that could support the Regulation more stable framework for institutional investment.
While the eyes turn to Bitcoin’s performance this weekend, the development of prices in the coming days will provide the first signal of the strength of this analysis. A decisive test on the market that will be carefully monitored.
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Graduate of Science after Toulouse and holder of Blockchain Consultant Certification, published by Alyrou, joined the adventure of Cointtribuni. The general public about this constantly evolving ecosystem. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.