Bitcoin stands near ninety-one thousand dollars, holding steady even as winds of change touch the wider crypto world. Standard Chartered’s new forecast speaks of caution, not collapse, hinting that the market feels more like a cool breeze than a winter storm. The old ways of strong institutional backing seem softer now, yet the heart of the market still beats with steady hope for better days ahead.
Current Price Reflects Mixed Sentiment
At the moment, Bitcoin trades close to ninety thousand nine hundred and one dollars, marking a fall of around thirty-six percent from early October’s high point. Even so, many experts say this change remains within normal limits for such a fast-moving market. Signals of calm appear between the waves of doubt, letting traders believe that the future can still brighten in time.
Weaker Support From Digital-Asset Firms
Standard Chartered’s digital assets head, Geoff Kendrick, notes that firms holding large amounts of Bitcoin now show clear signs of weakness. These companies trade below the value of the coins they hold, creating doubts about new large-scale buying. This softens one of the forces that once lifted prices. Without strong balance sheets, these firms cannot support the market as they once did.
ETFs May Still Offer Some Strength
Kendrick explains that while big firms may pull back, exchange-traded funds could still lend strength to the market. Yet their support alone may not be enough to push Bitcoin to earlier dreams of sharp growth. ETFs bring structure and trust, but the road ahead needs more than that. The market waits for a spark, perhaps from better rules or wider economic change.
Forecasts Cut as Outlook Adjusts
In a note titled “Not a crypto winter, just a cold breeze,” the bank reshaped its earlier hopes.
| Year | New Target | Previous Target |
|---|---|---|
| 2025 | $100,000 | $200,000 |
| 2026 | $150,000 | $300,000 |
| 2027 | $225,000 | $400,000 |
| 2028 | $300,000 | $500,000 |
| 2030 | $500,000 | $500,000 (shifted from 2028) |
Future Growth Tied to New Drivers
Kendrick believes Bitcoin’s next rise depends on fresh energy from ETFs and changes in global conditions. Without strong corporate buying, the market leans on new ideas, clearer rules, and patient faith. The present moment feels like a pause, a breath before the next chapter. In this gentle stillness, the path forward waits to be written by time.