Standard Chartered Bank: It is expected that BTC will rebound this weekend, and the inflow of ETF funds may help it return to above $100,000
ChainCatcher reports that Geoffrey Kendrick, the head of global digital asset research at Standard Chartered Bank, stated in a recent report that Bitcoin has fallen for five consecutive weekends. However, he predicts this trend will change this weekend. A slight increase this weekend could trigger ETF inflows on Monday, pushing its price back to $100,000 and then rising to $102,500.
The past few weekends (from 5 p.m. Friday to the same time Sunday New York time) have been particularly tough for Bitcoin due to negative news pressure. One key event was the DeepSeek news over the weekend of January 25-26; followed by another blow from Canadian and Mexican tariff news over the following weekend of February 1-2.
He pointed out: "This is not 'normal', but this coming weekend (February 15-16) will be 'different' because bearish events have already occurred." The yield on U.S. ten-year Treasury bonds fell below 4.5% this week which is a positive signal for risk assets like Bitcoin. Lower yields often alleviate speculative investment pressures making it more likely for a rebound.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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