Bitcoin Sell-Off Over? Standard Chartered Eyes $200K Year-End Rally

Standard Chartered believes Bitcoin's sell-off is likely over, citing exhausted selling and historical patterns. The bank expects a year-end rally, reaffirming a $200,000 target, but notes risks and mixed signals remain.

Standard Chartered suggests that Bitcoin's recent sharp sell-off, which saw prices plunge below $90,000 and erase 2025 gains, may be over. The decline is described as the third major correction since the introduction of spot Bitcoin ETFs in the U.S., with several market indicators, such as MicroStrategy’s modified net asset value, dropping to historically low levels that often signal market bottoms. Despite panic in the market and a significant drop in sentiment, Standard Chartered maintains that the fundamental trend for Bitcoin remains intact. The bank’s head of digital asset research, Geoffrey Kendrick, points to renewed ETF inflows, ongoing institutional accumulation, and supportive macroeconomic conditions as factors that could drive a year-end rally. However, some technical indicators suggest potential near-term volatility, and risks remain from possible corrections or policy changes. Overall, Standard Chartered’s base case is for a rebound into year-end, with a reaffirmed ambitious price target of $200,000, though the market remains cautious amid mixed signals.