Bitcoin Price Set to Soar: Analyst Predicts $100,000 By Year-End Amid Positive Market Trends

On November 11th, COINOTAG reported insights from Standard Chartered Bank’s analyst, Geoff Kendrick, who provided a bullish outlook for Bitcoin. In a recent analysis, Kendrick expressed confidence that Bitcoin could surpass the significant threshold of $100,000 before its options expire on December 27. Meanwhile, he anticipates that if Bitcoin falters to reach $125,000 by the end of the year, it could achieve this milestone by January 20, coinciding with Donald Trump’s inauguration. Kendrick noted the recent rallies in Ethereum and Solana, suggesting that Bitcoin’s upswing is likely to incite a spillover effect on these leading altcoins. He predicts SOL could reach a new all-time high above its previous peak of $260 from November 2021, while Ethereum may also break its prior record of $4,866 after Trump’s swearing-in ceremony. Overall, Kendrick’s analysis indicates a favorable environment for widespread token appreciation.