Standard Chartered: Bitcoin at $64K Is a “Screaming Buy,” Maintains $100K Target

[henmark]

Well yeah, if it evet reaches lower, which it is right now, then we would all agree, but this was not really a big news because if you loo kat history of bitcoin then you would be able to see this too. Many people buy bitcoin when it is on a bear run, like right now, and sell when it is on a bull run.

We are on $63.8k right now but OP only talks about $64k. If you are like him that thinks that future holds more value than waiting for more dips, then, you could have secure it too. $64k up to $100k, still seem to be a nice gap for taking profits. So even if we already experience $100k before, it is still nice seeing it the second or more... time around.

This is not an achievement, we can easily do this. I think the most important part would be making sure that we are into DCA with bitcoin without giving any long breaks for DCA.

Of course it is an achievement for both the BTC and us people. Though maybe not really for you, as your expectations are much higher than us. And if we can easily do this, I wonder why we always find ourselves falling after a suspected recovery all the way to $100k? Not all has enough money to do a DCA but breaks are also important for a human being to relax and be strong again, the next time they return.

[STT]

BTC is breaking past the 50 day average and also the 23% fib retracement from its high in May of 82k.   Just doing that could make it alot more positive then it has appeared in these last weeks and put out of reach the ideas of some that it could drop far more.
   200 day average the most popular measure and widely observed is about 74k, moves alot slower then 50 day or monthly or the weekly so we'll probably set that as a target upside and likely get it sooner or later.

    Overall I'm less optimistic for this entire year being so wildly bullish but its not hard to do better then the doomers outlook.  Dont presume we have a positive set until this weeks candle is complete on Sunday close then its likely good to build on.

[DanWalker]

For someone who is hoping for a sub $60k market shift I have to agree that a $64k price point
is still phenomenal value, so much so that I actually bought again at the weekend.

At the next ATH nobody will be looking bact with regret that they should have held off buying
Bitcoin in the summer of 2026 at $64k instead of holding out for $58k. Those minor details
will be lost in history.

I still believe Bitcoin has not reached the bottom yet, but I have to agree with you that buying at these price is something we should do for our long term investment.

After all, nobody knows exactly where the bottom is. So waiting for the perfect price is not a smart move.

$100k though by the end of the year is interesting though, not sure what to think on it.

This is an overly optimistic prediction.

Given the current market conditions and with less than 5 month left in the year, I dont think we'll be back to $100k this year.