Banking giant Standard Chartered has issued a bearish outlook for Bitcoin, predicting a potential drop following its recent descent below the crucial $90,000 level. Their analysts anticipate a bottom-out near the $80,000 mark. The cryptocurrency’s latest plunge to a three-month low of $86,867 has triggered significant market activity, with over $1.5 billion in liquidations recorded. This comes as Bitcoin’s momentum appears to have slowed after the Federal Reserve adopted a more hawkish stance in December. Analysts at Bank of America predict no further interest rate hikes this year. Meanwhile, prediction market Kalshi suggests that Bitcoin’s price may reach its lows before rebounding.