What happened? Bitcoin bounced back above $110,000 after a recent dip, driven in part by a bullish forecast from Standard Chartered.
Bitcoin recovered to about $108,900 late Thursday, up around 1.2% with heavy trading volume after a prior $19 billion sell-off. Standard Chartered said BTC could reach $200,000 by end of 2025 and as much as $500,000 by 2028, citing ETF inflows, safe-haven demand, and possible Fed rate cuts. At the same time, technicals show a tightening symmetrical triangle between roughly $107,350 support and $111,750 resistance, where a breakout could target $115k–$120k while a breakdown would expose lower targets.
Who does this affect? Traders, retail investors, and institutions are the main groups likely to feel the impact.
Short-term traders will be watching the triangle breakout or breakdown for entries and stops, with suggested buy setups around $109,500 and stops under $107,000. Retail investors may see the recent dip and analyst optimism as a buying opportunity, especially with renewed ETF inflows. Institutions and ETF holders matter most for broader price moves, since large inflows or outflows can quickly change market direction.
Why does this matter? The outcome will shape market flows, investor confidence, and broader crypto valuations going into Q4 and 2025.
A sustained rally would likely attract more ETF and institutional money, amplifying gains and reinforcing Bitcoin’s “digital gold” narrative. If support breaks, it could trigger more selling, hurt sentiment across altcoins, and increase volatility in crypto derivatives. In short, bank forecasts plus ETF activity mean the next directional move could set the tone for portfolio allocations and market risk for months ahead.