Wall Street still says Bitcoin can hit $100,000, the market is starting to doubt it

📰 CryptoSlate


➡️ Neutral

AI Summary

Standard Chartered maintains its $100,000 Bitcoin price target by year-end despite BTC falling below $60,000 last week. The bank believes the recent selling pressure may be exhausted, though market confidence in such bullish predictions is waning.

Market Impact

Mixed signals as institutional backing provides some support, but growing market skepticism toward aggressive price targets could limit upward momentum. Traders may remain cautious until clear directional confirmation emerges.

💡 Trader Note: Watch for BTC to reclaim and hold $62,000 as a key resistance level to validate any potential recovery from the recent sub-$60,000 dip.