Bitcoin crash to below $100k ‘inevitable’ by this weekend, warns banking giant

Bitcoin’s (BTC) ongoing price volatility may extend into the weekend and could culminate in the asset dropping below the crucial $100,000 mark, according to an outlook by Standard Chartered. The bank’s global head of digital assets research, Geoffrey Kendrick, said this drop seems inevitable but may prove temporary and could set the stage for Bitcoin’s next major rally. “The question now is how far does Bitcoin need to fall before finding a base. <…> A dip below $100,000 seems inevitable, although the dump may be short-lived,” he said source: https://finbold.com/bitcoin-crash-to-below-100k-inevitable-by-this-weekend-warns-banking-giant/