{"id":143347,"date":"2024-11-26T21:30:05","date_gmt":"2024-11-26T19:30:05","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143347"},"modified":"2024-11-26T18:09:59","modified_gmt":"2024-11-26T16:09:59","slug":"will-bitcoins-correction-continue-or-is-it-a-good-time-to-buy","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/will-bitcoins-correction-continue-or-is-it-a-good-time-to-buy\/","title":{"rendered":"Will Bitcoin&#8217;s Correction Continue or is it a Good Time to Buy?"},"content":{"rendered":"<p><strong><a href=\"https:\/\/x.com\/DeItaone\/status\/1861410059642703944?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">Standard Chartered<\/a><\/strong> has weighed in with new projections, shedding light on what may lie ahead for the leading cryptocurrency.<\/p>\n<p>Geoff Kendrick, an analyst at Standard Chartered, shared insights suggesting that <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin\u2019s<\/a> <\/strong>short-term downward trend might persist. He indicated the potential for BTC to dip below $88,000 during this phase of market correction. Despite this near-term bearish outlook, the bank reaffirmed its earlier forecasts, maintaining that Bitcoin could reach $125,000 by the year\u2019s end and climb to $200,000 by 2025.<\/p>\n<p>Kendrick also highlighted a surge in Bitcoin acquisitions by ETFs and companies like <strong><a href=\"https:\/\/cryptodnes.bg\/en\/breaking-microstrategy-buys-55500-btc-worth-5-4-billion\/\">MicroStrategy<\/a> <\/strong>since the last U.S. presidential election. The average price of these purchases stands at around $88,700. Based on this figure, Kendrick anticipates Bitcoin could temporarily drop below this threshold before its current correction concludes.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/heres-which-altcoins-are-gaining-attention-amid-the-market-slump\/\" title=\"Here\u2019s Which Altcoins Are Gaining Attention Amid the Market Slump\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Altcoins-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here\u2019s Which Altcoins Are Gaining Attention Amid the Market Slump<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>For those considering entry points, Kendrick recommends accumulating Bitcoin between $85,000 and $88,700. He remains optimistic about Bitcoin\u2019s long-term potential, reiterating the expectation of a significant rally toward $125,000 by the close of 2024 and $200,000 in the next two years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s recent dip to approximately $91,500 has left investors speculating about the possibility of further declines.<\/p>\n","protected":false},"author":7,"featured_media":90251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-143347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Will Bitcoin&#039;s Correction Continue or is it a Good Time to 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