Bitcoin Could Dip Below $100K: Experts Predict Rebound

Cryptocurrency analysts predict a temporary dip in Bitcoin’s price, with predictions suggesting it may fall below the $100,000 mark before rebounding. Despite short-term fluctuations, Standard Chartered anticipates a robust year-end target of $200,000 for Bitcoin, citing expanding DeFi applications and institutional investment as drivers behind its potential growth. Bitcoin’s price surge is spurred by renewed trade tensions between the US and China. While market uncertainty has resulted in shifts in asset flows, experts warn of a possible retracement below the $100,000 mark before a potential rally to new highs.