Analysis of crypto market trends is often like a balance between rational anticipation and unpredictable volatility. Since the beginning of the year, Bitcoin has been undergoing a laid dynamic marked during the weekends, a trend that has settled over five consecutive weeks. However, according to Geoffrey Kendrick, manager of Cryptos Research at Standard Chartered, this scheme could be broken this weekend. It anticipates a bull reversal of Bitcoin, supported by incoming flows in Bitcoin ETF and an improvement in the macroeconomic climate. If this analysis turns out to be exact, the first global crypto could find $ 100,000, but aim for $ 102,500 in the short term.
A turning point for bitcoin after five weekends of decline
Bitcoin investors have faced a series of difficult weekends since the beginning of the year, marked by negative performance and increased selling pressure. According to data compiled by Standard Charterd, Bitcoin has recorded negative yields over five consecutive weekends, a rare phenomenon that has helped to weaken market confidence. Geoffrey Kendrick explains that this phenomenon was amplified by unfavorable news, such as the Deepseek affair at the end of January and trade tensions between Canada and Mexico in early February.
This cycle could however receive an end. Kendrick stresses that current market conditions are more conducive to a bullish reversal. A key element of this hypothesis is based on the drop in yields of American bonds to 10 years, now under 4.5 %. “This level is generally favorable to risky assets like Bitcoin,” says the analyst. He believes that a rebound this weekend could encourage new incoming flows on Monday, especially via Bitcoin ETF.
$ 100,000 online in sight, a market ready to react
Kendrick does not just anticipate a simple technical rebound. According to him, a return of bitcoin above $ 100,000 could start a deeper dynamic, supported by the growing interest of institutional investors. “Bitcoin is a Giffen type good: the more its price rises, the more demand increases”, underlines-Ar, because the latter refers to an economic concept where the rise in prices stimulates the interest of buyers instead of slowing it down.
The immediate issue is therefore based on the evolution of exchanges volumes on Monday. If the Bitcoin ETF records an increase in capital entrances, this could strengthen the upward trend and attract new buyers. In the longer term, Kendrick maintains an ambitious forecast: $ 200,000 by the end of 2025, with a goal of $ 500,000 by 2028. This scenario is based on an increasing adoption of cryptos as a value reserve, as well as a Regulation which could promote a more stable framework for institutional investment.
While the eyes are turned towards the performance of Bitcoin this weekend, the price evolution in the coming days will give a first signal on the solidity of this analysis. A decisive test for the market, to be watched closely.
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