The medium-term price of Bitcoin (BTC) is at risk of falling below $100,000 soon, says Geoff Kendrick of Standard Chartered. Bitcoin’s price may briefly fall below $100,000 due to trade war concerns, according to the bank’s market analyst.
However, Geoff noted that Bitcoin’s potential price drop below $100,000 could be short-lived. As such, Geoff noted that such a Bitcoin move would be a buying opportunity, as long as the asset remains above the 50-week moving average (MA).
Standard Chartered relates Bitcoin and gold movements
According to the bank’s analystBitcoin’s price recently recovered shortly after gold recorded its worst two straight days since mid-August 2025. Geoff noted that the price of BTC briefly recovered as capital rotation escalated from gold to the flagship coin.
Therefore, if the gold price remains weak in the medium term, the Bitcoin price may experience a parabolic rally. The buying opportunity for Bitcoin will remain as long as the fear and greed index continues to hover in the fear zone below 30.
Other important BTC advice to consider
According to Mike Novogratz, CEO of Galaxy, Bitcoin price is likely to remain above the support level around $100,000 in the medium term. In an interview on Wednesday, Novogratz noted that the Bitcoin price is likely to rise if President Donald Trump takes action against the Federal Reserve amid expected interest rate cuts.
Meanwhile, Glassnode’s Bitcoin MVRV Extreme Deviation Pricing Bands show that the flagship coin has lost a crucial support level above $120,000. Consequently, the BTC price must consistently rise above $120,000 to invalidate a capitulation to $97,000 or even $74,500 in the worst case.
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