Bitcoin price could fall below $55,000 by the end of the week.

👉Analysts at Standard Chartered say geopolitical risks could push Bitcoin price below $60,000.

👉In the context of the cryptocurrency market, especially Bitcoin, which is falling heavily due to the impact of the tension between Iran and Israel. At the time of writing, BTC has dropped to $60,300.

💥Bitcoin Likely to Drop to $55,000

👉Standard Chartered analysts also claimed that geopolitical risks could push Bitcoin prices below $60,000, with some analysts even worrying that BTC could potentially drop to $55,000 by the end of the week.

👉Today, Geoff Kendrick, global head of digital asset research at Standard Chartered, stated that Bitcoin could fall below $60,000 before the end of this week due to concerns over geopolitical risks.

👉Kendrick believes that tensions in the Middle East could depress Bitcoin prices, but they advise investors to view the decline as a rare buying opportunity as the top asset is likely to surge higher later this year.