Following renewed geopolitical tensions between the US and China, Bitcoin’s price is currently undergoing a correction, with analysts at Standard Chartered predicting a possible dip below $100,000 before a rebound. The prediction stems from mounting trade-war fears and recent remarks from US President Donald Trump, who has hinted at increased tariffs on Chinese imports. Geoff Kendrick, head of digital asset research at Standard Chartered, highlighted that the market weakness may push Bitcoin under $100,000 in the coming weeks. He attributes this to heightened trade tensions and remarks from President Trump regarding further tariffs on Chinese goods. Kendrick notes that a deeper correction could be short-lived, as he believes Bitcoin’s fundamental strength and continued institutional inflows through exchange-traded funds (ETFs) will ultimately drive prices higher, with a year-end target still standing at $200,000. Even in more conservative scenarios, the analyst projects Bitcoin to reach at least $150,000 before the end of 2025. Despite this short-term uncertainty, the long-term outlook remains bullish according to analysts at Standard Chartered. Analysts believe that a continued trend of institutional investment and potential Federal Reserve rate cuts could further boost Bitcoin’s price trajectory and potentially drive it towards their projected $200,000 target. The recent volatility in Bitcoin is also a reflection of broader market uncertainty stemming from escalating trade disputes. The global crypto market as a whole has experienced a decline in value, with Ethereum’s price falling below $4,000 for the first time in nearly two weeks. This decline has further contributed to investor caution ahead of the upcoming APEC Summit where Trump and Chinese President Xi Jinping are expected to meet. Any progress—or renewed conflict—in trade relations could significantly impact Bitcoin’s near-term direction. Despite short-term volatility, Standard Chartered remains one of the few major banks projecting a long-term bullish outlook for Bitcoin. Kendrick highlighted that sustained ETF inflows and potential Federal Reserve rate cuts have the potential to act as catalysts for a new bullish cycle, potentially pushing BTC towards his $200,000 target before year-end. The article concludes that Bitcoin’s price is at a crossroads. While further market volatility may occur due to global trade disputes, the long-term narrative remains strong, and traders are closely watching the $106,000-$112,000 range as a crucial inflection point. A confirmed breakout could signify a retest of $120,000—or a temporary slide below $100,000 that may ultimately set the stage for a larger rally later in 2025.