StanChart: BTC may temporarily dip below $100K amid trade war concerns

Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, expects Bitcoin to fall below $100,000 due to a trade war but believes any such decline would be short-lived. According to Walter Bloomberg, Kendrick analyzed that a recent drop in gold prices temporarily boosted buying interest in Bitcoin, suggesting a rebound in the precious metal could signal a similar move for the cryptocurrency. He emphasized that a drop in Bitcoin, which has remained above its 50-week moving average since 2023, could present a buying opportunity.