Standard Chartered Bank's global head of digital asset research, Geoff Kendrick, forecasts a temporary dip in Bitcoin prices below $100,000 due to trade war concerns. Despite this anticipated decline, Kendrick suggests the drop will be brief, presenting a potential buying opportunity. He highlights that Bitcoin has consistently stayed above its 50-week moving average since 2023, and recent trends in gold prices could indicate a forthcoming Bitcoin rebound.
Standard Chartered Predicts Short-Lived Bitcoin Dip Below $100,000
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