Standard Chartered analyst Geoff Kendrick said that Bitcoin could fall below $60,000 before the weekend due to geopolitical risk concerns, but he believes this will provide an opportunity for accumulation. In addition, Geoff Kendrick also emphasized that Bitcoin call option positions have increased significantly, and pointed out that the open interest of options with an exercise price of $80,000 expiring on December 27 has increased. Geoff Kendrick also pointed out that Bitcoin has not become a safe haven against geopolitical tensions. "Gold is a geopolitical hedge tool. Bitcoin is a hedge against traditional financial problems (such as bank failures or de-dollarization/US Treasury sustainability issues). "(TheBlock)