Standard Chartered analyst: Bitcoin may drop to $80,000 before CPI and Trump's inauguration, which will be an "excellent medium-term buying opportunity"

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According to a report by ChainCatcher, Bitcoin prices rose slightly today, but remained below $100,000 after falling from the record high reached last month. In a report, Standard Chartered analyst Geoffrey Kendrick stated: "Caution may be the best approach for digital assets in the next week or so."

He said that tonight's US inflation data may be stickier than expected, and that people have high expectations for positive cryptocurrency news after Trump's presidential inauguration on January 20th, which poses significant macroeconomic risks.

The report predicts that if Bitcoin breaks below the $90,000 support level, it may further decline to $80,000, but this would constitute an "excellent medium-term buying opportunity". Based on Trump's support for cryptocurrencies, Standard Chartered maintains its forecast target of $200,000 for Bitcoin by the end of 2025.

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