{"id":55415,"date":"2025-10-29T05:16:31","date_gmt":"2025-10-29T05:16:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=55415"},"modified":"2025-10-29T05:16:31","modified_gmt":"2025-10-29T05:16:31","slug":"bitcoin-holds-near-114k-despite-uncertainty-analysts-say-rally-could-cement-100k-support-zone","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=55415","title":{"rendered":"Bitcoin Holds Near $114K Despite Uncertainty, Analysts Say Rally Could Cement $100K Support Zone"},"content":{"rendered":"
\n

The price of Bitcoin (BTC) continues to hover around the $114,000 mark as investor sentiment swings between optimism and caution.<\/p>\n

Related Reading: Analyst Shares Why He Bought A Massive Stack Of XRP, \u2018It\u2019s Not A Gamble\u2019<\/a><\/p>\n

According to Standard Chartered\u2019s head of digital asset research Geoffrey Kendrick, the recent developments may mark a transformative phase for Bitcoin, one where its six-figure price zone becomes a lasting support level rather than a fleeting milestone.<\/p>\n

Macro Tailwinds Drive Market Mood<\/strong><\/h2>\n

Kendrick points to a rebound in global risk appetite after recent signs of d\u00e9tente between the United States and China<\/a>.<\/p>\n

Discussions around delayed rare-earth export restrictions and increased U.S. agricultural purchases by China have eased trade tensions ahead of the high-level summit between President Donald Trump and President Xi Jinping.<\/p>\n

Kendrick notes that this shift in geopolitics has helped restore confidence in risk assets, including Bitcoin, and may be influencing the recent uptick in the Bitcoin-to-gold ratio, a key sentiment indicator for crypto markets.<\/p>\n

In parallel, expectations of a potential interest-rate cut by the Fed and the possibility of the bank pausing its quantitative-tightening programme have also lifted hopes of increased liquidity, further favouring risk-on trades. Analysts suggest that if the Fed pivots, it could serve as a boost for Bitcoin\u2019s structural up-trend.<\/p>\n

Spot Bitcoin ETF Flows Could Cement the New Floor<\/strong><\/h2>\n

Beyond macro trends, Standard Chartered<\/a> emphasises the growing role of institutional flows into spot Bitcoin ETFs. The believe that over $2 billion recently exited gold-backed ETFs, and argues that even half of those funds shifting into BTC products would represent a major structural change in capital allocation.<\/p>\n

This matters because it signals a shift away from the traditional narrative that Bitcoin\u2019s price moves are primarily driven by its miner-reward \u201chalving\u201d events.<\/p>\n

Instead, large-scale adoption and institutional investment now appear to be the dominant drivers of the market. If this momentum persists, Kendrick asserts that Bitcoin may be entering a new phase where dropping below $100,000 becomes unlikely.<\/p>\n

\"Bitcoin<\/p>\n

Bottom Line<\/strong><\/h2>\n

At present, Bitcoin<\/a> remains within a consolidation range near $112,000\u2013114,000, with technicals pointing to a tightening in volatility and potential for a breakout once macro catalysts settle.<\/p>\n

Related Reading: Citigroup Teams Up With Coinbase To Develop New Stablecoin Solutions<\/a><\/p>\n

If Bitcoin can hold above this cluster and institutional flows continue unabated, the $100,000 level may no longer be just a psychological barrier, it could become the de facto floor. Traders and investors will be watching closely in the days ahead for confirmation of these trends.<\/p>\n

Cover image from ChatGPT, BTCUSD chart from Tradingview<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin (BTC) continues to hover around the $114,000 mark as investor sentiment swings between optimism and caution. Related Reading: Analyst Shares Why He Bought A Massive Stack Of XRP, \u2018It\u2019s Not A Gamble\u2019 According to Standard Chartered\u2019s head of digital asset research Geoffrey Kendrick, the recent developments may mark a transformative phase […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-55415","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/55415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55415"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/55415\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}