Bitcoin Price Slips Below $107,000, Analysts See a Buy-the-Dip Moment
Despite a dip below $107,000, analysts from Standard Chartered and VanEck view the Bitcoin pullback as a healthy, liquidity-driven buying opportunity.Summary
Bitcoin's price recently fell into the mid $107,000s, but analysts remain bullish. Geoffrey Kendrick of Standard Chartered anticipates a near-term dip below $100,000 due to factors like U.S.-China trade tensions, viewing it as an inevitable, short-lived buying opportunity with a year-end forecast of $200,000. Meanwhile, VanEck's ChainCheck report characterizes the recent 18% correction as a liquidity-driven, mid-cycle reset rather than a bear market, noting that leverage has normalized and on-chain activity is maturing. VanEck links Bitcoin's price variance primarily to global M2 money supply and sees the recent flush of speculative leverage as clearing excess. The market also reacted to news of the Fed's potential 'skinny master account' program, though the price has since moderated from recent highs near $125,500.
(Source：Bitcoin Magazine)