Bitcoin To Reach 200k

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Bitcoin To Reach 200k

Bitcoin To Reach $200,000 - Standard Chartered

According to Standard Chartered, the Bitcoin prices are likely to reach a target of $200,000. But if we look at the current situation, it appears that Bitcoin is struggling to even hold its medium-term support levels.

For now, the $126K remains a solid resistance and an all-time high for Bitcoin. On the way down, there are also several support levels which are likely to prevent a major decline.

Standard Chartered Remains Bullish On Btc

Given the current trading price of BTC, a forecast of $200K from Standard Chartered seems very reasonable. However, they continue to hold a very bullish stance and believe that BTC will hit that target in the coming months.

Meanwhile, the global geopolitical situation remains very fragile, which is also impacting the crypto market. As of late, Bitcoin has also formed a positive correlation with the stock markets.

So, whenever the US stock markets soar, the cryptocurrency market also makes new highs. This means any news that negatively impacts the stock market will also affect Bitcoin.

Also, the tariff risks will remain a big theme even in the year 2026. There's a good chance that we might see more US tariffs on China in 2026. So when that happens, it will also have a negative impact on Bitcoin.

In the long term, Bitcoin gets its support from inflation and debt fears. Similarly, the lack of confidence in USD and other currencies is also something which supports Bitcoin (BTC).

So, all of these factors are something which support the assets like Bitcoin. According to Standard Chartered, these factors will help propel Bitcoin to reach $200K.

Another factor which supports Bitcoin is the US government shutdowns, which just keep repeating every few years. These shutdowns show that the US debt just keeps rising & there's no strategy to keep it under check.

Standard Chartered also added that investment funds are also pouring funds into Bitcoin (BTC). So in the medium to long term, this will also support the Bitcoin prices.

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