I came across this news on CNBC where standard chartered bank claims that bitcoin will reach 5000$. Being a bank, this can be their wish and not a reality. Banks do not want bitcoin to become popular and therefore they spread this negative information so people panic sell and do not adopt bitcoin.


A pro Tip: when you see banks and news channels predicting such things and putting it open right in the media and news, it's time to fill your bags because the bull run is about to begin. Basically these people have also filled their bags and are now spreading this news to make sure they can fill even more at lower values. It's always like this you see positive news from banks when bitcoin is at the top and absolute negative news when it's at the bottom and both of these are equally alarming as they mean that tables are about to turn now.