Standard Chartered Predicts Bitcoin Drop Below $100K Even as Global M2 Growth Turns Bullish

Bitcoin faces mixed signals, with a potential short-term dip below $100,000 according to Standard Chartered due to escalating global risks like US-China trade tensions. This dip is viewed as a buying opportunity, potentially the last time Bitcoin will be under that price. Capital flow shifts from gold to Bitcoin indicate a deeper structural appeal, with the 50-week moving average acting as significant support. Conversely, global M2 money supply growth supports a longer-term upside for Bitcoin, correlating with its historical price variance. This suggests Bitcoin's role is evolving beyond speculation, becoming a potential hedge against inflation. Institutional interest and on-chain activity remain strong, indicating a healthy mid-cycle reset. Investors should prepare for near-term downside while monitoring key support levels and macro catalysts. Standard Chartered maintains a bullish outlook, targeting $200,000 by year-end and $500,000 by 2028. The market remains vulnerable to trade war developments, Fed policy surprises, and liquidity shocks. A dip below $100,000 could be the last major buying opportunity before the next price surge.