Standard Chartered Bank has lowered its Bitcoin price target for 2026, stating that the BTC price could potentially drop to $50,000
2026-02-12 13:43
Odaily News Standard Chartered Bank has lowered its Bitcoin price forecast for the second time in less than three months, warning that the BTC price could fall below $50,000 before recovering.
The bank stated in a report on Thursday that it now expects Bitcoin to reach $100,000 by the end of 2026, down from a previous forecast of $150,000. Last December, the bank had already significantly lowered its Bitcoin target price from $300,000.
This latest adjustment comes after a period of turbulence for digital assets. Bitcoin has been struggling since the market crash last October, followed by persistent volatility and shifts in risk appetite. (Bloomberg)
Recommended Articles
