Standard Chartered‘s Geoffrey Kendrick on Thursday predicted that Bitcoin (CRYPTO: BTC) will reach a new all-time high in the coming days, forecasting a price range of $112,000 to $130,000 for February and March.
Kendrick’s bullish outlook follows a recent market correction and is supported by various factors, including improved market positioning, positive regulatory developments and potential central bank adoption.
What Happened: Kendrick noted that Monday’s market downturn, which was driven by “DeepSeek fear,” resulted in $1.1 billion of long Bitcoin positions being liquidated, which he believes has improved market positioning.
He also added that “if cheaper AI lowers inflation (at the margin) then risk assets, like BTC, that have nothing to …
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