Bitcoin May Sink To $50K Before Rallying, Standard Chartered’s Kendrick Warns

3 hours ago

Standard Chartered’s Geoffrey Kendrick says Bitcoi

Bitcoin May Sink To K Before Rallying, Standard Chartered’s Kendrick Warns

Bitcoin May Sink To $50K Before Rallying, Standard Chartered’s Kendrick Warns

Standard Chartered’s Geoffrey Kendrick says Bitcoin could still face a final washout to $50,000 before recovering sharply, arguing that the current drawdown looks more like a macro-led tech capitulation than a crypto-specific breakdown.

Bitcoin is back above the 200-week EMA, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image from YouTube, chart from TradingView.com

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