$BTC recently bounced to around $92,000–$94,000 after a dip, with some analysts noting the market is quietly entering a potential “supply crunch.”
However, the bounce comes amid “tepid spot demand,” and in comparison to traditional risk assets like stocks, Bitcoin’s momentum appears weak — leaving it vulnerable to macroeconomic or global-market volatility.
Some major institutional holders are still accumulating, which supports a longer-term bullish view.
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📉 What’s Causing the Uncertainty Right Now
Predictive forecasts from Standard Chartered recently trimmed their 2025–2026 targets, lowering the end-of-2025 target to ~$100,000 and pushing the long-term $500,000 projection further out — citing weaker corporate demand and slowing ETF inflows.
This signals that traditional cycle-based expectations (e.g. big rallies after halving may no longer hold — and that near-term price action will likely be more tied to institutional flows and macroeconomic conditions rather than historical patterns.
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🔭 What Could Drive the Next Move — Upward or Downward?
✅ Potential Bullish Catalysts:
Growing institutional adoption — ETFs, corporate treasuries, and long-term holders accumulating could tighten supply and support prices.
If global macro conditions improve (e.g. stable rates, positive economic data), Bitcoin might benefit from flight-to-crypto flows.
Supply constraints as whales & long-term holders HODL could create favorable conditions for a rally.#BTCVSGOLD
