Down, then Uptober 🔺

Bitcoin will retrace below $100,000 before Uptober resumes, according to Standard Chartered.

Author

Stacy Jones
October 22, 2025

📝 What you need to know

A “fear-driven selloff” has spooked markets and will likely drag Bitcoin below the $100,00 mark before it sees significant gains, according to Standard Chartered’s Geoff Kendrick.

But the drop will be more of a short, sharp shock than a prolonged period of bearish sentiment. “A dip below $100,000 seems inevitable, although the dump may be short-lived,” he added, while confirming the bank is sticking to its $200,000 year-end price target for BTC.

Bitcoin Primed for $100K before 'Uptober' Resumes, Says Standard Chartered

Bitcoin’s price will likely fall below $100,000 before pushing toward new all-time highs, according to Standard Chartered’s Geoff Kendrick.

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💬 Quote of the Day

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“Yesterday’s sharp gold selloff coincided with a strong intra-day bounce in Bitcoin. This was presumably a ‘sell gold, buy Bitcoin’ flow. Medium-term I expect more of this, and further such evidence would be constructive for a Bitcoin low being formed.”

Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered

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