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Standard Chartered: Bitcoin Could Dip Below $100,000 in the Short Term, Good Entry Point on Dips
By: theblockbeats.news|2025/10/22 22:45:51
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BlockBeats News, October 22nd, Standard Chartered Bank's Global Head of Digital Assets Research, Geoff Kendrick, stated that due to concerns over the trade war, Bitcoin may fall below $100,000, but the decline may only be temporary.
Furthermore, the price movement of gold may indicate a Bitcoin rebound, as a recent weakening in gold prices has triggered a brief Bitcoin buying spree. Since 2023, the price of Bitcoin has been consistently above the 50-week moving average, although this current dip may present a good buying opportunity at a discount.
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