{"id":36655,"date":"2025-11-20T13:52:18","date_gmt":"2025-11-20T13:52:18","guid":{"rendered":"https:\/\/zebpay.com\/in\/?p=36655"},"modified":"2025-11-21T11:11:41","modified_gmt":"2025-11-21T11:11:41","slug":"standard-chartered-forecasts-bitcoin-rally-soon","status":"publish","type":"post","link":"https:\/\/zebpay.com\/in\/blog\/standard-chartered-forecasts-bitcoin-rally-soon","title":{"rendered":"Standard Chartered Forecasts Bitcoin Rally Soon"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/zebpay.com\/in\/blog\/standard-chartered-forecasts-bitcoin-rally-soon\/#Signal_Indicate_a_Possible_Market_Turning_Point\" title=\"Signal Indicate a Possible Market Turning Point\">Signal Indicate a Possible Market Turning Point<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/zebpay.com\/in\/blog\/standard-chartered-forecasts-bitcoin-rally-soon\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/zebpay.com\/in\/blog\/standard-chartered-forecasts-bitcoin-rally-soon\/#Why_does_Standard_Chartered_believe_Bitcoin_could_rally_soon\" title=\"Why does Standard Chartered believe Bitcoin could rally soon?\">Why does Standard Chartered believe Bitcoin could rally soon?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/zebpay.com\/in\/blog\/standard-chartered-forecasts-bitcoin-rally-soon\/#What_does_Geoffrey_Kendrick_say_about_the_recent_Bitcoin_decline\" title=\"What does Geoffrey Kendrick say about the recent Bitcoin decline?\">What does Geoffrey Kendrick say about the recent Bitcoin decline?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/zebpay.com\/in\/blog\/standard-chartered-forecasts-bitcoin-rally-soon\/#What_is_Strategys_formerly_MicroStrategy_modified_net_asset_value_mNAV_and_why_is_it_important\" title=\"What is Strategy\u2019s (formerly MicroStrategy) modified net asset value (mNAV) and why is it important?\">What is Strategy\u2019s (formerly MicroStrategy) modified net asset value (mNAV) and why is it important?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/zebpay.com\/in\/blog\/standard-chartered-forecasts-bitcoin-rally-soon\/#How_did_trading_activity_behave_during_this_sell-off\" title=\"How did trading activity behave during this sell-off?\">How did trading activity behave during this sell-off?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/zebpay.com\/in\/blog\/standard-chartered-forecasts-bitcoin-rally-soon\/#Does_this_mean_Bitcoins_rebound_is_guaranteed\" title=\"Does this mean Bitcoin\u2019s rebound is guaranteed?\">Does this mean Bitcoin\u2019s rebound is guaranteed?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n\n<p>In the midst of one of Bitcoin\u2019s sharpest pullbacks of the year, a renewed sense of optimism is beginning to take shape. Standard Chartered believes that the recent sell off, which has seen Bitcoin correct by around 30% from its highs, may now be reaching a point of completion and could set the stage for a recovery rally before the year ends. Geoffrey Kendrick, Global Head of Digital Asset Research, Standard Chartered, has suggested that the downturn is more of a natural cycle correction rather than the start of a sustained bearish phase, based on how Bitcoin has performed over the last 2 years.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Signal_Indicate_a_Possible_Market_Turning_Point\"><\/span><strong>Signal Indicate a Possible Market Turning Point<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" width=\"647\" height=\"405\" src=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2025\/11\/ea9ed9662e15aee6f4ca55b40b6df38131306d44-647x405-1.png\" alt=\"\" class=\"wp-image-36656\" style=\"width:1120px;height:auto\" srcset=\"https:\/\/zebpay.com\/in\/wp-content\/uploads\/2025\/11\/ea9ed9662e15aee6f4ca55b40b6df38131306d44-647x405-1.png 647w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2025\/11\/ea9ed9662e15aee6f4ca55b40b6df38131306d44-647x405-1-300x188.png 300w, https:\/\/zebpay.com\/in\/wp-content\/uploads\/2025\/11\/ea9ed9662e15aee6f4ca55b40b6df38131306d44-647x405-1-150x94.png 150w\" sizes=\"(max-width: 647px) 100vw, 647px\" \/><figcaption class=\"wp-element-caption\"><em>Image source: <strong>Standard Chartered<\/strong><\/em><\/figcaption><\/figure>\n\n\n\n<p>On November 18, 2025, through a client note, Kendrick stated that the latest decline in Bitcoin fits into a recurring pattern seen during the current market cycle. According to Kendrick\u2019s note, he pointed out that several valuation and sentiment measures have dropped back to levels normally observed when the market is close to forming a bottom.&nbsp;<\/p>\n\n\n\n<p>From what is understood, one of the clearest examples is Strategy\u2019s (formerly MicroStrategy) modified net asset value ratio, which compares the market value of the company with the up-to-date value of the Bitcoin it holds. Reportedly, the figure has returned to around 1.0, suggesting that the market is now valuing the firm in line with its underlying assets, a condition often associated with the final stages of a sell-off.&nbsp;<\/p>\n\n\n\n<p>Moreover, Kendrick specified that numerous other indicators have fallen to unusually low readings, signalling that sellers may have already exhausted their positions. From what is understood, this shift has taken place even as overall activity in the crypto market surged, with daily trading volumes more than doubling and close to $335 million in Bitcoin derivatives liquidated in a single day. Despite the volatile presence, Kendrick maintains that his central expectation remains a recovery heading into the end of the year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As the broader crypto market navigates heightened volatility, the current environment provides a meaningful reminder of how sentiment can shift rapidly during maturing market cycles. The data presented reinforces the importance of looking beyond immediate price swings and focusing on structural trends that continue to unfold beneath the surface. Whether the projected rebound materializes or not, the coming weeks are expected to play a key role in shaping investor confidence and dictating Bitcoin\u2019s momentum moving into the new year. <\/p>\n\n\n\n<p>In the grand scheme of things, <a href=\"https:\/\/zebpay.com\/in\/blog\" target=\"_blank\" rel=\"noreferrer noopener\">ZebPay blogs<\/a> are here to provide you with crypto wisdom. Get started today and join 6 million+ registered users to explore endless features on ZebPay!<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-white-color has-vivid-cyan-blue-background-color has-text-color has-background has-link-color wp-element-button\" href=\"https:\/\/onboarding.zebpay.com\/onboarding?returnUrl=https%3A%2F%2Fzebpay.com%2Fapp\" target=\"_blank\" rel=\"noreferrer noopener\">TRADE NOW<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>FAQs<\/strong><\/p>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1763645858710\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Why_does_Standard_Chartered_believe_Bitcoin_could_rally_soon\"><\/span><strong>Why does Standard Chartered believe Bitcoin could rally soon?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The bank notes that the recent 30% sell-off may be ending and several market indicators have returned to levels typically seen near market bottoms, signaling potential for a recovery.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1763645895401\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_does_Geoffrey_Kendrick_say_about_the_recent_Bitcoin_decline\"><\/span><strong>What does Geoffrey Kendrick say about the recent Bitcoin decline?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Kendrick views it as a normal cycle correction rather than the start of a prolonged bearish phase, based on patterns observed over the past two years.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1763645923242\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_is_Strategys_formerly_MicroStrategy_modified_net_asset_value_mNAV_and_why_is_it_important\"><\/span><strong>What is Strategy\u2019s (formerly MicroStrategy) modified net asset value (mNAV) and why is it important?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>mNAV compares the company\u2019s market value with the real-time value of its Bitcoin holdings. A value near 1.0 suggests the market is valuing the company in line with its assets, often seen at market lows.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1763645954656\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_did_trading_activity_behave_during_this_sell-off\"><\/span><strong>How did trading activity behave during this sell-off?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Daily trading volumes more than doubled, and about $335 million in Bitcoin derivatives were liquidated in one day, indicating both high activity and possible seller exhaustion.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1763645979126\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Does_this_mean_Bitcoins_rebound_is_guaranteed\"><\/span><strong>Does this mean Bitcoin\u2019s rebound is guaranteed?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>No. While the indicators suggest a potential recovery, volatility remains high, and the coming weeks will play a key role in determining market momentum.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>In the midst of one of Bitcoin\u2019s sharpest pullbacks of the year, a renewed sense of optimism is beginning to take shape. Standard Chartered believes that the recent sell off, which has seen Bitcoin correct by around 30% from its highs, may now be reaching a point of completion and could set the stage for [&hellip;]<\/p>\n","protected":false},"author":37,"featured_media":36676,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[303],"tags":[17,79,310,16],"acf":[],"_links":{"self":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/36655"}],"collection":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/comments?post=36655"}],"version-history":[{"count":1,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/36655\/revisions"}],"predecessor-version":[{"id":36659,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/posts\/36655\/revisions\/36659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media\/36676"}],"wp:attachment":[{"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/media?parent=36655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/categories?post=36655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zebpay.com\/in\/wp-json\/wp\/v2\/tags?post=36655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}