Bitcoin Faces Macro Risks, Presents Mid-Term Buying Opportunity

According to Odaily, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, has highlighted the macroeconomic risks currently affecting Bitcoin. He noted that any decline below $90,000 represents a 'mid-term' buying opportunity. In a research report dated January 14, Kendrick emphasized the value of strategic accumulation during ongoing market volatility. He suggested that a drop below key support levels could offer a favorable entry point, as the bank's long-term outlook for Bitcoin remains unchanged. Kendrick stated, 'If we do break below (potentially falling further to below $80,000), I would view it as an excellent mid-term buying opportunity.' Despite short-term risks, Standard Chartered Bank maintains its long-term price target of $200,000 for Bitcoin by the end of 2025, reaffirming previous forecasts. This prediction is supported by expectations of strong institutional inflows and favorable economic policies under the new U.S. administration. Meanwhile, the bank advises investors to adopt a cautious approach in the short term while monitoring strategic buying opportunities.