It has been barely two weeks since Bitcoin (BTC) hit its new all-time high (ATH) of $126,198.07 on Oct. 6. However the rally did not final lengthy because the crypto market noticed its worst crash three days later after President Donald Trump threatened to impose a 100% tariff on imports from China.
Since then, it has been fairly a wrestle for the king coin to stage a restoration. BTC was exchanging fingers at $107,770.36 on the time of writing, down 3.8% within the final 24 hours.
Although quite a lot of crypto fanatics consider the worst cycle is over and Bitcoin will quickly hit one other new document excessive, a number one crypto analyst thinks BTC will sink even decrease.
Although the height of $126,000 met his anticipated goal, Bitcoin could not stand up to the macroeconomic tensions triggered by the worry of an escalation within the U.S.-China tariff struggle, wrote Commonplace Chartered head of digital asset analysis Geoffrey Kendrick on Oct. 22.
“The query now could be how far does bitcoin want to fall before discovering a base?”
Bitcoin’s slide below $100,000 appears to be “inevitable,” Kendrick warned in a notice to purchasers. Nevertheless, he admitted that the decline shall be short-lived. In truth, it may even be the final probability to buy Bitcoin for six figures, he added.
As per Kendrick, these three causes would lead to a Bitcoin rebound:
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Capital rotation from gold to crypto
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Fed may finish quantitative tightening, easing liquidity
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BTC has constantly held above its 50-week transferring common since early 2023
On Oct. 3, he had predicted in his notice that Bitcoin will attain $200,000 by the top of the yr. Even now, he stays optimistic that the downturn shall be short-lived.
Disclaimer: The data supplied right here is for normal informational functions solely and shouldn’t be thought-about monetary recommendation. You must seek the advice of with a licensed monetary advisor before making any funding or monetary choices.
This story was initially reported by TheStreet on Oct 22, 2025, the place it first appeared within the Investing part. Add TheStreet as a Preferred Source by clicking here.
