Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, highlighted that easing U.S.-China trade tensions have positively influenced market sentiment, with the bitcoin-to-gold ratio rebounding following the tariff-driven selloff on October 10.
In a client note on Monday, Kendrick indicated that “bitcoin may never fall below $100,000 again” if favorable macroeconomic and geopolitical conditions persist through the week. He identified several catalysts likely to support bitcoin’s upward trajectory, including the anticipated Federal Reserve rate cut, upcoming major tech earnings reports, and renewed inflows into bitcoin ETFs.
Kendrick further suggested that a new all-time high for bitcoin could signal the conclusion of the four-year halving cycle theory, emphasizing that ETF inflows are increasingly influencing price movements more than traditional block reward cycles.
