Bitcoin May Sink To $50K Before Rallying, Standard Chartered’s Kendrick Warns
Standard Chartered’s Geoffrey Kendrick says Bitcoin might nonetheless face a remaining washout to $50,000 earlier than recovering sharply, arguing that the present drawdown seems to be extra like a macro-led tech capitulation than a crypto-specific breakdown. Speaking on Deribit’s Crypto Options Unplugged, Kendrick, the financial institution’s international head of digital belongings analysis, said he nonetheless…
