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Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, predicts Bitcoin's recent trend of weekend declines will reverse, potentially pushing its price toward $100,000-$102,500. He attributes past weekend weaknesses to negative news but expects a rebound on February 15-16, especially if U.S. Treasury yields drop below 4.5%.
Kendrick has made bold Bitcoin forecasts, projecting it will reach $200,000 by the end of 2025 and $500,000 by 2028 as investor channels expand and volatility decreases. He expects Bitcoin to maintain this level through 2029.