What Time Is It Now in Bitcoin? "Buy-Sell-HODL?" Standard Chartered Announced, Pointing to This Weekend!

The leading cryptocurrency Bitcoin experienced sharp dumps in the face of economic uncertainty heightened by U.S. President Donald Trump's tariff announcement.

Despite these dumps, Bitcoin (BTC) is holding strong at the 82 thousand dollar level, outperforming most technology stocks.

Bitcoin's strong position has strengthened analysts' bullish expectations while Standard Chartered announced its new analysis.

Standard Chartered noted that Bitcoin has performed better than most technology stocks in recent market sales and has remained strong, calling Bitcoin a strong man.

A bank advising investors to HODL predicted that BTC could rise to as much as $88,500 this weekend.

Standard Chartered's head of digital assets Geoffrey Kendrick stated that while the wave of selling in traditional financial markets continues due to Trump’s tariffs, Bitcoin is gaining strength and is now being traded as a measure of "U.S. isolation."

"I have argued that Bitcoin has mostly been traded more like technology stocks than gold up until now."

However, in the last 36 hours, while the TradFi markets have weakened and Mag7 stocks have gotten dumped, Bitcoin is demonstrating relative strength.

Bitcoin proves to be the best in the technology field ( when stocks rise, showing its potential for appreciation) and as a hedge in multiple scenarios.

Today, a break above the critical $85,000 level seems likely following payroll data. This potentially opens the door for a return to the $88,500 rate ahead of the weekend.

Kendrick's analysis comes amid rising investor concerns due to tariff risks and fears of recession in the US, with Kendrick advising investors to "HODL."