Bitcoin on the decline: Is there a risk of falling below $100,000?

Bitcoin on the decline: Is there a risk of falling below $100,000?

On October 23, 2025, Bitcoin (BTC) was trading at around $107,000 after reaching a high of $126,000 on October 6. Geoffrey Kendrick of Standard Chartered has made a clear prediction that Bitcoin is expected to fall below $100,000 before the weekend. Calling this impending event “inevitable,” Kendrick expects it could represent a temporary return to the downside that could prove to be a buying opportunity for investors, such as fxstreet.com reported.

However, it remains unclear how deep the decline will actually be. In his analysis, Kendrick asked the question of how far Bitcoin has to fall to find a stable bottom. He emphasized that this could be a “last opportunity” for BTC to fall below this level.

Factors for the decline

One reason for the decline in Bitcoin price is the growing macroeconomic concerns, which have been exacerbated by renewed trade tensions between the US and China. Kendrick mentioned three crucial factors that could potentially lead to a reversal in Bitcoin price:

• Ein starker Verkaufsdruck bei Gold, der mit einem intraday Anstieg von Bitcoin zusammenfiel.
• Die Geldpolitik und der Rückgang mehrerer wichtiger Liquiditätsindikatoren in den vergangenen Wochen.
• Anzeichen dafür, dass die Federal Reserve möglicherweise ihr Programm zur quantitativen Straffung stoppen könnte.

Additionally, Kendrick noted that Bitcoin’s 50-week moving average has been stable since the beginning of 2023. Despite the pessimistic forecast for the weekend, the bank sticks to its forecast that Bitcoin could reach $100,000 by the end of 2024, while it even sees an increase to $200,000 in the medium term.

Currently, BTC is trading below $108,000 with a decline of 0.4% in the last 24 hours. These developments shed light on current market dynamics and the challenges facing cryptocurrencies amid global economic uncertainties.