What happened?
Standard Chartered’s crypto analyst Geoffrey Kendrick warned that Bitcoin’s recent dip below $100,000 could be “the last one ever” and laid out a three-stage buy plan tied to the 50-week moving average (~$103k) and a Bitcoin-gold ratio of 30. He urged investors to scale in now, adding more at a weekly close above $103k and the rest when the ratio recovers, while other traders cautioned that a break of the 50-week EMA could push BTC toward a $90k–$92k demand zone. The story highlights a tense technical moment as Bitcoin trades just above its key weekly support and market indicators show both upside potential and downside risk.
Who does this affect?
Retail traders and institutional investors are directly affected because Kendrick’s plan and the underlying technical signals could influence large buy flows and allocation decisions across the market. Margin traders, derivatives holders, and exchanges face heightened risk because roughly billions in long and short positions are vulnerable to large moves and concentrated liquidations. Policymakers, macro funds, and anyone watching the BTC-gold relationship also care, since shifts in Bitcoin’s price now could change how institutions view it as a portfolio asset.
Why does this matter?
Marketwise, a hold above the 50-week MA could spark big inflows and push BTC toward resistance at $111k–$113k and potentially $117k or higher, while a breakdown could trigger steep declines and a test of much lower supports, even toward the 200-week MA near $55k. The current structure is fragile, with concentrated liquidations creating a “powder keg” that makes prices highly sensitive to Fed signals, US-China news, and macro data. In short, how Bitcoin behaves now could drive major volatility, reshape institutional appetite, and determine whether the market resumes a bullish leg or faces a deep retest.