Standard Chartered Sees Bitcoin Dip Below $100K as ‘Inevitable,’ But Likely Short-Lived

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According to Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, Bitcoin’s slide below the $100,000 mark “seems inevitable” by this weekend.

However, Kendrick suggests this dip could be a temporary buying opportunity. He attributes the current pullback from October’s all-time high above $126,000 to renewed US-China trade war fears.

The key question, he notes, is where Bitcoin finds its base. Kendrick is watching for signals of stabilization, including a “sell gold, buy bitcoin” flow among investors and potential shifts in Federal Reserve policy on liquidity.