Standard Chartered: BTC will Rebound and break through $100,000 next week, the market has already digested negative news

After the DeepSeek incident and the double blow of Trump's tariffs, BTC once plummeted to a Long Wick Candle of $91,255. Despite a strong Rebound afterwards, market sentiment gradually turned conservative, and BTC prices continued to fluctuate in the range of $94,000 to $100,000. However, the latest report from Standard Chartered predicts that this consolidation trend may change over the weekend. If BTC sees a small rise this weekend, it may trigger capital inflows into the market next week, thereby pushing BTC prices above $100,000. As of now, the price of BTC is reported at $97,523, with a 0.35% decline in the past 24 hours. According to Standard Chartered's analysis, under the current circumstances, BTC is expected to regain momentum, targeting first $100,000 and then $102,500. Regarding the subsequent price trends, it is still to be observed, but it also hints at the Giffen good nature of BTC: let's wait and see. On the other hand, the hash ribbon indicator suggests that BTC may rebound. BTC Miner is currently facing a new Capitulation phase, indicating that BTC may have bottomed out and a reversal is imminent. When the 30-day moving average of Computing Power crosses the 60-day moving average of Computing Power, it indicates that the worst period of Miner Capitulation has ended. It is worth noting that the situation of Miner Capitulation is rare and usually occurs on the eve of a long-term rise in BTC. The last Miner Capitulation phase occurred in mid-October 2024, just as it broke the historical high of the last bull market, and in the following two months, BTC eventually reached a historical high of $108,000. Standard Chartered Bank is bullish about BTC breaking $125,000 by the end of the year and rising 60% again in 2025. Standard Chartered Bank: Three reasons to push BTC to $200,000 this year, with Whales buying a large amount of BTC during the pullback period. Will BTC bottom out again? Standard Chartered Bank: If BTC fails to hold $90,000 support, it may drop another 10%."Standard Chartered Bank: BTC will rebound next week and break through $100,000, and the market has digested the negative news" was first published on BlockTempo, the most influential blockchain news media in the dynamic area.