Standard Chartered Bank Reiterates Bitcoin Price Forecast of $100,000 by End of 2024, Expects U.S. Spot ETF Approvals to Drive Upside

Bitget App

Trade smarter

Cointime2023/11/28 17:42

By:Cointime

Standard Chartered Bank has reiterated its April prediction that Bitcoin will reach $100,000 by the end of 2024, stating that everything is going as expected. The bank's Geoff Kendrick and team believe that the approvals of several U.S.-based spot Bitcoin ETFs will be the next catalyst and are likely to come sooner than expected. They predict that a number of spot ETFs will be approved in Q1-2024 for both BTC and ETH, paving the way for institutional investment. The bank also noted that the next Bitcoin halving, expected to take place in late April 2024, will be another source of price upside.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14