Takeaways:
- Standard Chartered’s Geoffrey Kendrick predicts an ‘inevitable’ drop for $BTC to $100K this weekend.
- Kendrick remains optimistic, calling the dip a ‘temporary’ one that could mark the last time Bitcoin ever falls below $100K before entering a sustained long-term rally.
- As volatility grips the market, with $BTC hovering around $109,764, investors are now turning to Bitcoin Hyper ($HYPER), a presale powerhouse that is now seen as one of the safest and promising plays.
Yesterday did not look good for Bitcoin as the market watched the OG of cryptos dip to $106K. In light of $BTC’s underwhelming market performance, Standard Chartered’s Geoffrey Kendrick predicts an ‘inevitable’ but temporary drop below $100K this weekend in an investor note.
Kendrick, the Head of Digital Asset Research, added, ‘The question now is how far does Bitcoin fall before finding a base?’ implying it might be the ‘last time ever’ $BTC falls below the level.
According to Standard Chartered, a near-term correction could trigger short-term panic selling among retail investors. But after that, the token might enter a new macro phase where institutional adoption, ETF flows, and liquidity expansion will push it above six figures permanently.That said, $BTC remains quite volatile, with the token currently trading at $109.3K, which could be due to big wallets adjusting their positions ahead of the anticipated macro events and regulatory changes.
But does Standard Chartered’s bold call actually hold water?
Well, Standard Chartered’s short-term predictions forecasting $BTC’s rally to $135K ame remarkably close when $BTC hit its ATH of $126K on October 6. But then came the unexpected US-China trade flare up and we all know how quickly things went downhill from there.
Besides, the Standard Chartered analysts are basing their long-term bullish outlook on three key catalysts:
- There was a sharp Gold selloff earlier this week which triggered an intraday bounce in $BTC — hinting at a possible capital rotation from Gold to Bitcoin.
- Several liquidity indicators have been contracting for weeks, signalling that the Federal Reserve is halting its quantitative tightening. This could possibly drive more capital to Bitcoin, setting the stage for $BTC’s next leg up.
- $BTC’s 50-week moving average remains strong since early 2023, making it a strong support zone for the asset. As long as this moving average holds, a dip toward $100K is likely a healthy correction and not a structural breakdown.
While Kendrick’s $BTC dip prediction may stir anxiety among investors, one way to ease those nerves is by buying the dip — redirecting capital toward emerging presale opportunities that offer strong upside potential.
Bitcoin Hyper ($HYPER) stands out as one such contender, already sending shockwaves across the crypto market with an impressive $24.6M fundraise.
Bitcoin Hyper ($HYPER): Solving Bitcoin’s Biggest Weaknesses Without Sacrificing Security
Regardless of $BTC’s current market volatility, the token has rallied 64% since last October — an impressive rally for any digital asset given the unpredictable nature of the crypto landscape.
However, its native blockchain still lags in transaction speed, confirmation time, and on-chain fees compared to networks like Solana and Ethereum. That said, Bitcoin stands out for its unbreakable security.
So, how do you sidestep Bitcoin’s weaknesses while holding on to its ironclad security?
That’s where Bitcoin Hyper ($HYPER) steps up. It’s a Layer 2 solution that aims to turbocharge Bitcoin’s Layer 1 with lightning fast speed, low transaction fees, and cross-chain interoperability.The project will integrate with Solana Virtual Machine to execute thousands of transactions in parallel, enabling scalable dApps and smart contract support. Furthermore, the project will introduce a Canonical Bridge to support cross-chain operability while preserving the integrity and security of Bitcoin’s Layer 1.
$HYPER lies at the heart of this cutting-edge ecosystem fueling everything within the network.
Holding $HYPER would unlock lightning fast transactions at sub-cent fees, smart contract and DApp support, participation in governance, and access to a full suite of DeFi tools.
Bitcoin Hyper’s booming presale has already raised $24.6M, with one whale scooping $HYPER worth $36.5K just three days ago, reflecting the project’s accelerating adoption.
Currently priced at $0.013155 per token with the dynamic staking APY at 48%, $HYPER offers giving early adopters one last chance to grab tokens at today’s lower-tier rate. Besides, the staking APY falls as the pool fills, giving early buyers an edge.
🚨 Grab your tokens now before the next price surge in 6 hours!
