StanChart predicts new highs for Bitcoin in February as US treasury yields stabilize

Bitcoin (BTCIt is likely to move higher as American cabinet revenues remain less than 4.50 %, creating a large economic background favorable to digital assets, according to Carted Standard Head of Digital Assets Jeffrey Kindrik.

In a common internal note with it CryptoslateKindrik highlighted that the US Treasury returns for 10 years has fought to break more than 4.50 %, a level that the market participants closely monitor.

He described the economic background as the “Goldilocks” scenario of digital assets – where economic growth remains strong but does not stimulate the higher returns that can affect the origins of risk.

According to Click on a new one at all Top 108,000 dollars in February.

He pointed out that if Bitcoin could remain higher than the main support level of $ 95,000, it is more likely to return to six numbers.

Kindrik Books:

“I adhere to my opinion from Friday that Up has become more likely than Bitcoin in the short term. Look for 95K to stick to the negative side and markets to push towards the level of 102.5K soon.”

He stressed that the work of bitcoin is still constructive as long as the main macroeconomic conditions are still fixed.

Trump’s tariff

Kindrik also highlighted the president Donald Trump The last announcement of a 25 % tariff on steel and aluminum imports as a transformation towards mutual tariffs is more targeted rather than commercial restrictions on a large scale.

Kendrick believes that this step can have a larger inflationary effect than fear, which helps to contain the risks of the cabinet. Low returns from risk assets, including bitcoin, usually benefit by reducing the attractiveness of fixed income investments.

Kendrick has argued that the last policy in Trump and the market feelings move away from fears of the “Trump” economic turmoil can reduce the aversion of risks and support more bullish trend of Bitcoin.

Last week, after Trump announced a new tariff about imports from Canada, Mexico and China, Bitcoin witnessed a significant decrease.

BTC fell from about $ 105,000 to the lowest level in about 91,000 dollars. The shrinkage is due to the investor’s concerns for the capabilities Global trade conflicts Economic instability caused by definitions.

Bitcoin price recovered over $ 100,000 after the United States reached agreements with Mexico and Canada to delay the implementation of these definitions. However, the main encryption failed to maintain its upward momentum.

According to Cryptoslat ‘data, Bitcoin was trading about 95,416 dollars as of the time of the press, a decrease of 2 % a day..

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