⚠️Standard Chartered Bank analyst: Geopolitical risks may be the main reason for Bitcoin to fall below $60,000
Geoff Kendrick, an analyst at Standard Chartered Bank, recently said that due to geopolitical uncertainty, the price of Bitcoin may fall below the $60,000 mark before the weekend. However, he believes this may be a good opportunity to accumulate.
Kendrick also mentioned that Bitcoin call option positions are increasing, especially those with an expiration price of $80,000 on December 27. This may indicate that despite short-term risks, the market is still optimistic about Bitcoin's long-term prospects.
Moreover, he also pointed out that Bitcoin is not a traditional safe haven for geopolitical tensions. He explained that gold is a geopolitical hedge tool, while Bitcoin is more of a hedge tool for traditional financial problems (such as bank bankruptcy or de-dollarization).
This forecast by Standard Chartered Bank reminds us to keep an eye on geopolitical trends and be sensitive to the market. Remember, no matter how the market changes, making wise investment decisions is always the key.
In financial markets, every piece of news may cause market trends. This geopolitical "game" may make Bitcoin prices fluctuate, but it may also be an opportunity for investors to enter the market. After all, the market always has ups and downs, the key is to find the right time.
💬 What do you think of this analyst forecast? Do you think the volatility of Bitcoin prices is a good opportunity to enter the market? Or do you prefer other investment strategies? Share your thoughts in the comments!
