Bitcoin has closed down for five consecutive weeks over the weekend, with Standard Chartered Bank analysts predicting a potential reversal this week

According to BlockBeats, on February 16th, according to TheBlock, Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated in a report that "Bitcoin has closed down for five consecutive weekends, but this trend is expected to reverse this week. The slight increase this weekend may trigger an inflow of ETF funds on Monday, pushing Bitcoin to hit $100000 and then rise to $102500 Recently, Bitcoin's performance has been particularly weak due to negative news over the weekend. It was impacted by news related to DeepSeek on the weekend of January 25-26, and by tariff news from Canada and Mexico on the weekend of February 1-2. Kendrick joked, "No matter how long position investors feel when picking up their children for weekend activities on rainy days, this kind of decline is not normal. The weekend of February 15-16 will be different from before, and the negative events have been digested. The 10-year yield on US Treasury bonds falling below 4.5% this week will increase the probability of market rebound, which is a positive signal for risky assets such as Bitcoin Kendrick's long-term aggressive prediction for Bitcoin. At the beginning of this month, he stated that with the expansion of investor channels and the decrease in volatility, Bitcoin is expected to reach $500000 by 2028. The specific forecast is to reach $200000 by the end of 2025, $300000 by the end of 2026, $400000 by the end of 2027, $500000 by the end of 2028, and maintain it until the end of 2029.