Yesterday did not look good for Bitcoin as the market watched the OG of cryptos dip to $106K. In light of TC’s underwhelming market performance, Standard Chartered’s Geoffrey Kendrick predicts an ‘inevitable’ but temporary drop below $100K this weekend in an investor note.
Kendrick, the Head of Digital Asset Research, added, “The question now is how far does Bitcoin fall before finding a base?” implying it might be the “last time ever” TC falls below this level. According to Standard Chartered, a near-term correction could trigger short-term panic selling among retail investors. But after that, the token might enter a new macro phase where institutional adoption, ETF flows, and liquidity expansion will push it above six figures permanently.
That said, TC remains quite volatile, with the token currently trading at $109.3K. This volatility could be due to big wallets adjusting their positions ahead of anticipated macro events and regulatory changes.
But does Standard Chartered’s bold call actually hold water? Their short-term predictions forecasting TC’s rally to $135K came remarkably close when TC hit its all-time high of $126K on October 6. However, the unexpected US-China trade flare-up caused the market to take a downturn soon after.
Besides, Standard Chartered’s analysts base their long-term bullish outlook on three key catalysts:
1. **Capital Rotation from Gold to Bitcoin**
A sharp gold selloff earlier this week triggered an intraday bounce in TC, hinting at a possible capital rotation from Gold to Bitcoin.
2. **Federal Reserve Halting Quantitative Tightening**
Several liquidity indicators have been contracting for weeks, signaling that the Federal Reserve is halting its quantitative tightening. This could potentially drive more capital into Bitcoin, setting the stage for TC’s next leg up.
3. **Strong 50-Week Moving Average Support**
TC’s 50-week moving average has remained strong since early 2023, acting as a solid support zone. As long as this moving average holds, a dip toward $100K is likely a healthy correction and not a structural breakdown.
While Kendrick’s prediction of a TC dip may stir anxiety among investors, one way to ease those nerves is by buying the dip and redirecting capital toward emerging presale opportunities that offer strong upside potential.
### Bitcoin Hyper (YPER): Solving Bitcoin’s Biggest Weaknesses Without Sacrificing Security
Regardless of TC’s current market volatility, the token has rallied 64% since last October — an impressive gain for any digital asset given the unpredictable nature of the crypto landscape. However, Bitcoin’s native blockchain still lags in transaction speed, confirmation time, and on-chain fees compared to networks like Solana and Ethereum. That said, Bitcoin is unmatched for its unbreakable security.
So, how do you sidestep Bitcoin’s weaknesses while holding on to its ironclad security? That’s where **Bitcoin Hyper (YPER)** steps up.
Bitcoin Hyper is a Layer 2 solution designed to turbocharge Bitcoin’s Layer 1 with lightning-fast speeds, low transaction fees, and cross-chain interoperability. The project will integrate with the Solana Virtual Machine to execute thousands of transactions in parallel, enabling scalable decentralized applications (dApps) and smart contract support.
Furthermore, the project will introduce a Canonical Bridge to support cross-chain operability while preserving the integrity and security of Bitcoin’s Layer 1.
YPER lies at the heart of this cutting-edge ecosystem, fueling everything within the network. Holding YPER tokens unlocks:
– Lightning-fast transactions at sub-cent fees
– Smart contract and dApp support
– Participation in governance
– Access to a full suite of DeFi tools
Bitcoin Hyper’s booming presale has already raised $24.6 million, with one whale purchasing YPER worth $36.5K just three days ago — reflecting accelerating adoption.
Currently priced at $0.013155 per token, YPER offers a dynamic staking APY of 48%. This gives early adopters one last chance to grab tokens at today’s lower-tier rate. Note that the staking APY decreases as the pool fills, rewarding early buyers with a better return.
🚨 Grab your tokens now before the next price surge in 6 hours!
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**About the Author:**
Kosta is a reporter at Coindoo who joined the team in 2021. He quickly established himself with a thirst for knowledge, incredible dedication, and analytical thinking. Kosta covers a wide range of current topics, writes excellent reviews, PR articles, and educational materials. His work has also been quoted by other news agencies.
https://coindoo.com/standard-chartered-forecasts-btc-100k-drop-bitcoin-hyper-could-be-safer-bet/