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Standard Chartered Maintains Bitcoin $100,000 Year-End Target Despite Recent Weakness

Price Prediction

2026-06-05 02:41:13

BTC-0.32%

According to Guru Club, Geoff Kendrick, head of digital assets at Standard Chartered, maintained on June 5 his forecast of Bitcoin reaching $100,000 by year-end. Despite recent market weakness, Kendrick stated that underlying demand remains solid and current levels may represent an attractive entry point. He cautioned that a break below $60,000 could trigger further selling pressure, though he noted that significant bullish positions have already exited the market, potentially limiting additional downside risk.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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