TechFlow news, October 27 — According to CoinDesk, Geoffrey Kendrick, Standard Chartered's global head of digital asset research, stated in a recent report that if current positive macroeconomic and geopolitical developments continue, Bitcoin may never again fall below $100,000. Easing U.S.-China trade tensions have shifted market sentiment from fear to hope, with the Bitcoin-to-gold ratio recovering to levels seen before the tariff-related selloff on October 10.
Kendrick believes ETF inflows will be a key indicator of improving market sentiment, and a new all-time high for Bitcoin would mark the end of the "halving cycle theory." Key events this week include the expected 25 basis point rate cut by the Federal Reserve and earnings reports from several tech giants and crypto companies.
