Standard Chartered: Bitcoin may fall below $100,000 in the short term, but it is worth buying on dips

Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, said Bitcoin could fall below $100,000 due to trade war concerns, but the decline is likely to be short-lived. Furthermore, gold price trends could signal a Bitcoin rebound, as recent weakness in the precious metal sparked a brief buying spree. Bitcoin prices have remained above their 50-week moving average since 2023, but this dip could present a good opportunity to buy on the dip.