Standard Chartered forecasts a further decline in Bitcoin, anticipating a drop into the low $80,000s. Despite its current resilience, Bitcoin is under pressure from a wider selloff in the cryptocurrency market, influenced by developments in Solana’s meme coin.
Analysts predict a near-term decrease of approximately 10%. They warn that although falling U.S. Treasury yields could eventually aid Bitcoin’s recovery, the present moment is not ideal for purchasing, particularly with Bitcoin ETFs possibly facing larger outflows.
Standard Chartered expects Bitcoin to retrace further, falling towards the lower $80,000 range. Right now, the price remains relatively stable, but broader selling pressure in digital assets is weighing on it. Part of this comes from market events linked to Solana-based meme coins, which have stirred sentiment and added to volatility.
A decline of roughly 10% in the near term is on the table, according to analysts. While lower U.S. Treasury yields could provide some support down the line, buying at this stage carries risk. Exchange-traded funds tracking Bitcoin may see heightened outflows, which could magnify selling pressure in the coming weeks. That alone is enough reason for many traders to take a step back before making any moves.
Recent price action suggests sentiment is mixed, even as Bitcoin stays above key technical levels. The market’s focus remains on short-term trends, with liquidity conditions tightening ahead of key data releases from the United States. Any unexpected shift in macroeconomic indicators could add to volatility, forcing traders to adjust positioning quickly.
Rising interest in leverage could also play a role. Open interest in Bitcoin futures has been building, which is often a sign that traders are looking for strong directional moves. If downside risks increase, liquidations could fuel sharper declines, making price swings more extreme. On the other hand, if support holds around $80,000, short positions may start to unwind, prompting short-term rebounds.
ETF flows are another factor shaping sentiment. Some funds have seen sustained withdrawals, adding weight to recent selling. Institutional participants remain active, but with capital moving cautiously, demand could remain subdued. That said, if outflows slow down or reverse, it might shift sentiment back in favour of buyers.
Keeping an eye on traditional markets is essential. Equities remain sensitive to central bank policy, and if broader risk appetite weakens, Bitcoin could feel the effects. Correlations have been inconsistent in recent months, but sudden moves in stocks or bond yields could still trigger reactions in digital asset markets.
In the next few weeks, attention will stay on price levels that attract strong buying and selling activity. Should Bitcoin continue its descent, psychological barriers could come into play, testing investors’ willingness to hold. If recent trends persist, volatility is likely to remain elevated, creating conditions where momentum shifts quickly.
