13 hour ago
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BEARISH 📉 : Standard Chartered Predicts Bitcoin Drop to $50,000 Before Recovery
Standard Chartered has revised its long-term outlook for Bitcoin (BTC), lowering the target price to $100,000 by 2026 from a previous projection of $150,000. This marks the second reduction in three months and reflects weakening macroeconomic conditions and changing investor behavior.
- The bank warns BTC could drop to $50,000 before recovering, amid current consolidation below the $70,000 level.
- BTC has fallen over 40% from its October peak, with US spot Bitcoin ETFs experiencing nearly $8 billion in net outflows.
- Slowing US economic momentum and reduced expectations for Federal Reserve rate cuts are affecting digital assets.
- Uncertainty around future Federal Reserve leadership adds to caution.
Despite revised forecasts, current market downturns appear more orderly compared to past collapses, such as Terra/Luna and FTX failures in 2022.
For Ethereum (ETH), Standard Chartered cut its 2026 price target to $4,000 from $7,500, with a potential fall to $1,400 anticipated before recovery. On-chain activity data shows improvement, indicating healthy network usage despite the downturn.