• Short-term pain remains possible for Bitcoin, with a potential drop to the low $80,000s as macroeconomic pressures and security concerns weigh on the market.
  • Despite the current downturn, analysts believe Bitcoin’s fundamentals—scarcity, institutional adoption, and regulatory clarity—could drive a strong long-term recovery.

Standard Chartered’s bullish long-term forecast predicts a $500K Bitcoin price target by 2029, but recent CNF reports suggest Bitcoin is currently under significant pressure. According to the banking giant, things may get worse before they improve.

Standard Chartered has revised its short-term outlook , warning that Bitcoin could sink further after falling below the critical $90,000 level. Analysts now predict a potential drop to the low $80,000s, signaling a rough period ahead for the world’s largest cryptocurrency. A recent Bloomberg expert tweet update also highlighted this concern.

BITCOIN COULD FALL FURTHER AFTER BREAKING BELOW $90K: STANDARD CHARTERED

Bitcoin has hit a three-month low below $90,000, and Standard Chartered's Geoff Kendrick expects it to fall further. While still performing "relatively well," bitcoin is caught in a broader cryptocurrency…

— *Walter Bloomberg (@DeItaone) February 25, 2025

Several factors are contributing to Bitcoin’s downward pressure. The Federal Reserve’s hawkish stance continues to keep investors cautious, limiting risk appetite in the crypto market. Concerns over inflation, interest rates, and U.S. economic policy have fueled uncertainty, leading to a broader selloff.

Security concerns are also playing a role, with recent high-profile exchange hacks rattling investor confidence. The $1.5 billion exploit of Bybit is a stark reminder of market fragility. Additionally, over $1.5 billion in crypto liquidations have occurred, highlighting the intensity of the current downturn.

Is There a Silver Lining?

Despite the bearish short-term outlook, some analysts remain optimistic about Bitcoin’s long-term potential. Standard Chartered previously predicted that Bitcoin could hit $200,000 by the end of 2025, citing institutional adoption and potential regulatory clarity as key drivers.

Historically, Bitcoin has shown resilience, consistently rebounding from sharp downturns. The fundamental Bitcoin thesis remains strong, with limited supply, growing institutional interest, and recognition as a digital store of value continuing to support its long-term growth.

Where’s Bitcoin Now?

According to CoinMarketCap data, as of today, At present, Bitcoin (BTC) is trading at $88,676, reflecting a 3.58% decline in the past day and a 6.90% drop over the past week. The day’s range has fluctuated between $92,100 and $86,015, with volatility keeping traders on edge.

While market conditions remain unpredictable, seasoned investors understand that Bitcoin has always been a long-term game of patience. However, despite the current downturn, analysts believe Bitcoin’s fundamentals —scarcity, institutional adoption, and regulatory clarity—could drive a strong long-term recovery.

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