đ¨ **Bitcoin Market Update: Buy the Dip?** đ¨
Hey crypto enthusiasts! đ
Standard Chartered has weighed in on Bitcoin's current trajectory, suggesting that geopolitical risks, particularly from the Middle East, might push BTC below $60K before the weekend. đ But don't fret! The bank advises savvy investors to consider buying the dip.
Key points:
- Bitcoin isn't a safe haven against geopolitical risks, says Standard Chartered.
- BTC is seen as a hedge against traditional financial issues like bank collapses.
- Increased open interest in Bitcoin options for December expiry.
- Bitget Research notes strong institutional buying despite the downturn.
What are your thoughts? Will you buy the dip? Share in the comments! đŹ
