Standard Chartered: Bitcoin may briefly fall below $100,000, presenting a buying opportunity

ChainCatcher news, Standard Chartered Bank's Global Head of Digital Assets Research, Geoff Kendrick, stated that due to concerns over the trade war, Bitcoin is expected to drop below $100,000, but the decline may only be temporary.

He pointed out that the trend in gold prices may indicate a rebound for Bitcoin, as the recent weakness in gold has triggered a brief buying spree for Bitcoin.

Since 2023, the price of Bitcoin has remained above the 50-week moving average, and this drop may present a good buying opportunity.