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Bitcoin price is hovering in the mid $107,000’s range as analysts from both VanEck and Standard Chartered see more upside.
Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, sees a near-term dip in bitcoin price below $100,000 as “inevitable” due to factors like renewed U.S.–China trade tensions.
However, Kenrick views any bitcoin price pullback as likely short-lived and a buying opportunity.
Kendrick highlights gold-to-Bitcoin flows as a key indicator, noting that recent rotations — selling gold to buy Bitcoin — could signal stabilization and mark a bottom.
Despite the volatility, Kendrick remains bullish, maintaining his…
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