The bitcoin price could reach $ 500,000 before Trump concludes a second term, standard ordained zanos

Despite the recent failure and a significant village of Bitcoin on a three-month low, standard rentals maintains a strong bakery position about the forecasting of the BTC market. Geoffrei Kendrick, Head of Research of Digital Funds in the Bank, is forecasting that Bitcoin will climb to $ 500,000 before concluding the Presidency Donald Trump. In addition, the price of BTC could by the end of 2025. could reach 200k of dollars.

Bitcoin stays Bullish in spite of new low

Standard authorized predicts that although American President Donald Trump’s first month in the office introduced high instability for risky assets, his administration could eventually use Bitcoin.

In CNBC interviewGeoffrei Kendrick, head of digital funds research on Standard Chartered, projected that the price of Bitcoin would hit $ 200,000 this year. It predicts that it will convert to $ 500,000 to the end of the second term of President Trump, influenced by increased institutional adoption and opportunities for more clear regulations.

Kendrick said CRIPTO ecosystem benefits from involving traditional financial institutions like standard chartered, blackrock and others who govern the ETFS. He pointed out that their participation is crucial.

Kendrick also mentioned that the industry becomes institutionalized, it should become safer and probably attracts less negative titles, such as recent hack $ 1.5 billion in criptocurrency Bibit Last week.

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He added that the growing adoption of cryptograms by institutions will be expected, together with some regulatory clarity in the United States, gradually reduce market instability.

Earlier this week, Bitcoin fell to a three-month low, fall below $ 90,000 in the midst of declining in global markets in equity, according to Coingecko data. On Thursday the price of Bitcoin gave it to a trading value of $ 82,256, marking approximately 20% a reduction from her January top.

Geoffrei Kendrick remarked that the Cropto market decreases widely due to insecurity of environmental tariffs and resolution of significant conflicts like those in Russia-Ukraine and Israel and Israel-Gaza.

Outlook Bitcoina is strong in spite of correction

Bitcoin recently dropped below $ 82,000, striking a three-month low in response to a wider market decline. The insecurity in the market is reflected in the short term owner of Bitcoin, which was spent the exit exit ratio (STH-SOPR), which is hovering near a critical level 10 devices. Slocnode report suggests that fractures above this threshold is historically signaling, while failure can start another sales wave.

STH-SOPR ratio, ranging from 0.98 to 1.04, closely followed the movements of bitcoin prices. Recently, this indicated that short-term holders are insecure, which influence the potential of Bitcoin to reach new heights or faced further fall.

Also read: Bitcoin News today: $ 1.5B Cripto Crash Shocks Traders, is your portfolio safe?

However, Julien Bittel, a global macro investor, described Bitcoin’s recent price drop as a “normal pharmacy at Bull,”, especially after a significant surge rate that followed the US presidential election.

With the Bitcoin merchant at a lower price, it represents an attractive opportunity for whales and institutions to buy more during this smoke. As the interest increases, the price of BTC could experience a robust recovery, potentially launch another bull in the coming weeks.