Standard Chartered suggests buying Bitcoin below $90,000, reiterating its price forecast of $200,000 by the end of the year

ChainCatcher news, Standard Chartered's Head of Digital Asset Research Geoffrey Kendrick stated that Bitcoin is currently under pressure from macro risks, and any pullback below $90,000 represents a "mid-term" buying opportunity.

In a research report dated January 14, Kendrick emphasized the value of strategic accumulation during ongoing market turbulence. He added that a drop in Bitcoin's price below key support levels could provide a favorable entry point, as the bank's long-term forecast for Bitcoin remains unchanged. Kendrick stated, "If we do break below (and potentially fall further below $80,000 after dropping below $90,000), I would view it as an excellent mid-term buying opportunity."

Despite short-term risks, Standard Chartered still maintains its long-term price target of $200,000 for Bitcoin by the end of 2025, reaffirming its previous forecast. This prediction is supported by expectations of strong institutional inflows and favorable economic policies under the new U.S. administration.
Meanwhile, Standard Chartered advises investors to adopt a cautious approach in the short term while monitoring strategic buying opportunities.