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Standard Chartered: Bitcoin Could Dip Below $100,000 in the Short Term, Good Entry Point on Dips

2025.10.22 22:40:38

On October 22nd, Geoff Kendrick, the Global Head of Digital Assets Research at Standard Chartered Bank, stated that due to concerns about the trade war, Bitcoin may drop below $100,000, but the decline might only be temporary. Moreover, the price movement of gold may suggest a rebound in Bitcoin. As the recent weakening of gold prices has triggered a brief buying spree in Bitcoin. Since 2023, the price of Bitcoin has been continuously above the 50-week moving average. Although this current dip may offer a good opportunity to buy at a discount.
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