Has the Fall in Bitcoin Completely Ended? What is Needed for an Increase? Standard Chartered Announced!

Bitcoin and altcoins have suffered a lot in the face of weeks of downward trend. BTC fell below 80,000 dollars, and altcoins are also at their lowest prices.

Investors are wondering whether the decline will continue and when the rise will start, Standard Chartered has announced its latest forecasts.

Standard Chartered Digital Asset Research Head Geoff Kendrick said that Bitcoin's recent decline stems from weakness in broader risky assets rather than crypto-specific issues.

Kendrick, who stated that the recovery in Bitcoin is dependent on the FED, said that positive news such as interest rate cuts by the FED are needed for the recovery of BTC price.

"Positive news specific to BTC, such as purchases coming from the FED, the USA, and other countries, can boost Bitcoin."

Rapid resolution of macroeconomic concerns, especially regarding tariffs, is important.

After today's CPI, if the probability of a rate cut increases at the FOMC meeting in May, Bitcoin could recover. However, if this does not happen and the downward trend continues, Bitcoin could fall to $69,000.

Kendrick, stating that the $200,000 worth BTC target for the end of 2025 is still valid, expressed that despite the market uncertainty increasing with Trump's tariff policies, the FED interest rate decision next week is an important test for the future of Bitcoin.

CoinDCX Ventures General Manager Rohit Jain also stated that FED's interest rate decision is important for Bitcoin and altcoins.

Jain said that if interest rates remain unchanged at the upcoming FOMC meeting next week, this could affect the perception of risk assets.

Jain, The hesitation about reducing interest rates could trigger further declines in cryptocurrencies. While Bitcoin may test support levels around $70,000 in the coming days, altcoins like Ethereum and Solana may continue to fall. said.