💣 Standard Chartered predicts drop of Bitcoin below US$ 100,000 before 'Uptober' shines again
By Lucas Espindola | October 22, 2025
📉 Bitcoin may be about to fall below US$ 100,000, according to Geoff Kendrick, global head of digital asset research at Standard Chartered Bank.
💬 "A drop below US$ 100,000 seems inevitable, although it may be short-lived," Kendrick stated in a report released this Wednesday (22).
Still, the bank maintains its price target at US$ 200,000 by the end of 2025 — that is, a potential jump of nearly 100% in a few months.
🔍 What is happening?
Since the peak of US$ 126,000, Bitcoin has retreated about 12%, currently trading at US$ 108,200, pressured by the trade war between the US and China and the global risk aversion sentiment.
Kendrick classified the recent movement as a "mass sell-off motivated by fear," but emphasized that this correction could be the last time BTC falls to five digits.
📈 History helps the optimists:
Since 2013, the
#BTC rises on average:
+19.8% in October
+46% in November
This is where the famous term 'Uptober' comes from, used to describe the seasonal rally of Bitcoin — although the current market is testing this tradition.
💡 BTC vs Gold:
While gold experienced one of its largest daily drops in the past five years, Bitcoin showed signs of intraday recovery — indicating a possible flow of capital migrating from gold to crypto.
Kendrick says this pattern may mark the formation of a local bottom for the
$BTC 📊 Quick summary:
📉 Drop below US$ 100,000 "inevitable"
💪 Target of US$ 200,000 by the end of the year maintained
⚔️ Sales motivated by fear and US–China tensions
🪙 Potential return of 'Uptober' still in play
📢 Do you believe that Bitcoin will really drop below US$ 100K — or have we already seen the bottom?
Leave your guess in the comments 👇
#bitcoin #Uptober #StandardChartered
#BTC #CryptoAnalysis #CryptoMarket
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