TechFlow news, January 15 — Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, stated in a recent report that although Bitcoin is currently under macroeconomic pressure, any pullback below $90,000 would represent a "medium-term" buying opportunity. If the price falls below the $90,000 support level—potentially dropping toward $80,000 lows—he believes this would present an excellent medium-term entry point.
Currently, Bitcoin faces multiple macro headwinds, including expectations around U.S. CPI data and anticipated policy announcements related to Donald Trump’s January 20 inauguration. Notably, since the U.S. election, the average purchase price of Bitcoin by spot ETFs and MicroStrategy has been approximately $94,000.
Despite short-term risks, Standard Chartered maintains its long-term forecast for Bitcoin to reach $200,000 by the end of 2025. At the time of writing, Bitcoin was trading at $96,593.
