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

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.