Bitcoin Caught Up in a Macro-Driven Sell-Off, May Fall Further: Standard Chartered

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CoinDesk 14h ago

Bitcoin Caught Up in a Macro-Driven Sell-Off, May Fall Further: Standard Chartered - CoinDesk

Quick Summary:

There is a danger that forced or panic selling could lead to further bitcoin weakness and a break below $90K could lead to a 10% retracement, the report said.

Standard Chartered still expects bitcoin to hit $200,000 by the end of the year, fueled by the resumption of institutional inflows under the new Trump administration.

This includes exchange-traded fund (ETF) buyers and BTC acquirer MicroStrategy (MSTR).