According to BlockBeats, Standard Chartered Bank analyst Geoffrey Kendrick suggested that caution might be the best approach for digital assets in the coming week. He noted that the U.S. inflation data, expected tonight, could be more persistent than anticipated. Additionally, there are high expectations for positive cryptocurrency news following Donald Trump's presidential inauguration on January 20, which presents significant macroeconomic risks.
Kendrick mentioned that if Bitcoin falls below $90,000, it could reach $80,000, but this would present an excellent mid-term buying opportunity. Standard Chartered Bank forecasts that Bitcoin will reach $200,000 by the end of 2025, driven by Trump's pro-cryptocurrency stance.
