Bitcoin price to dip below $100K, last buy-the-dip chance
Bitcoin price is poised to fall below the key $100,000 level this week, driven by renewed US–China trade tensions and risk-off sentiment. Standard Chartered’s digital assets research head Geoffrey Kendrick calls the pullback a healthy market correction and possibly the final buy-the-dip opportunity in this bull cycle. Three indicators support his view: capital flows shifting from gold into Bitcoin, with the gold–BTC correlation climbing above 0.85; the Federal Reserve’s likely pause on quantitative tightening, which could boost liquidity for risk assets; and Bitcoin’s hold above its 50-week moving average around $101,700–$102,500, providing technical support. Kendrick maintains a Bitcoin price target of $200,000 by year-end and sees potential to $500,000 by 2028. Any drop below $100,000 should be viewed as a buying opportunity, not a trend reversal.
Bullish
Although short-term pressures from US–China trade tensions and risk-off sentiment may push Bitcoin price below $100K, the consensus view frames this dip as a healthy correction and a final buy-the-dip opportunity. Key indicators—gold-to-BTC fund flows, a pause in Fed quantitative tightening boosting liquidity, and solid technical support at the 50-week moving average—underline a bullish medium- to long-term outlook. Kendrick’s year-end target of $200K and his 2028 projection of $500K reinforce confidence. Traders can interpret any sub-$100K move as an entry point rather than a trend reversal, supporting a bullish stance on Bitcoin price.