Standard Chartered's head of digital assets research, Geoffrey Kendrick, stated that a retracement in the price of Bitcoin below $90,000 presents a medium-term buying opportunity. Despite ongoing market turbulence and macro risks, Kendrick emphasized the value of strategic accumulation and stated that a price falling below key support could offer a favorable entry point. While Bitcoin is currently facing pressure from various macroeconomic factors and the possibility of a sustained break below $90,000 could lead to further declines, Kendrick reaffirmed Standard Chartered's long-term price target of $200,000 for Bitcoin by the end of 2025. In the meantime, investors are advised to adopt a cautious approach and monitor for strategic buying opportunities. At the time of writing, Bitcoin was trading at $96,593.



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