Odaily Planet Daily reports that Standard Chartered Bank has lowered its Bitcoin price forecast for the second time in less than three months, warning that the BTC price could fall below $50,000 before rebounding.
The bank stated in a report on Thursday that it now expects Bitcoin to reach $100,000 by the end of 2026, down from its previous forecast of $150,000. In December last year, the bank already significantly reduced its target price for Bitcoin from $300,000.
This latest adjustment comes after a period of turbulence in digital assets. Since the market crash in October last year, Bitcoin has struggled and experienced ongoing volatility and shifts in risk appetite. (Bloomberg)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Standard Chartered Bank has downgraded its 2026 target price for Bitcoin and stated that BTC prices could fall to $50,000.
Odaily Planet Daily reports that Standard Chartered Bank has lowered its Bitcoin price forecast for the second time in less than three months, warning that the BTC price could fall below $50,000 before rebounding.
The bank stated in a report on Thursday that it now expects Bitcoin to reach $100,000 by the end of 2026, down from its previous forecast of $150,000. In December last year, the bank already significantly reduced its target price for Bitcoin from $300,000.
This latest adjustment comes after a period of turbulence in digital assets. Since the market crash in October last year, Bitcoin has struggled and experienced ongoing volatility and shifts in risk appetite. (Bloomberg)