Bitcoin’s price has stabilized near $115,000, and according to Standard Chartered’s Geoffrey Kendrick, the market may have already seen its final dip below six figures. Kendrick said, that if current macro and geopolitical tailwinds persist, Bitcoin “may not fall below $100,000 again.”
Kendrick highlighted the recent easing of U.S.-China trade tensions as a key factor behind renewed investor confidence. This diplomatic thaw helped reverse the market pessimism that followed earlier tariff announcements, pushing Bitcoin back above its pre-selloff levels. The analyst noted that such geopolitical improvements are reinforcing Bitcoin’s role as a global risk and liquidity proxy, especially as traditional safe havens like gold face capital rotation.
Indeed, Kendrick pointed to a clear shift from gold to Bitcoin, with gold’s recent selloff coinciding with a strong BTC rebound. This suggests that institutional capital is increasingly viewing Bitcoin as the preferred digital hedge in a soft-landing macro environment.
Standard Chartered maintains its year-end 2025 price target of $200,000, arguing that the market’s structural support, institutional inflows, and ETF participation provide a strong base for continued growth.
Meanwhile, trader Daan Crypto observed that Bitcoin remains range-bound between $107,500 and $116,000, with the upper level acting as the critical resistance to confirm a bullish reversal. He emphasized that reclaiming and holding above the 4H 200MA/EMA would mark a structural shift back toward higher highs.
$BTC Range bound until further notice.
Price swept its local highs for the first time. This was the high after the initial bounce following the 10th of October liquidation event.
To get Bitcoin out of this correction, this $116K level is a key area to break to flip the market… pic.twitter.com/33tNc6zRHP
— Daan Crypto Trades (@DaanCrypto) October 27, 2025
Together, improving global sentiment and tightening technical structure are fueling renewed optimism that Bitcoin’s sub-$100K days may now be behind it, potentially marking the dawn of the next major bullish leg.
