Bitcoin Sell-Off Complete According to StanChart Analysis, Year-End Rally Potential for BTC Price

Standard Chartered analyst Geoffrey Kendrick states the recent Bitcoin sell-off appears complete, with potential for significant price recovery through year-end. The analysis suggests BTC could reach $100,000 by end of 2024, citing improved market liquidity and reduced selling pressure from miners. Institutional adoption continues driving long-term Bitcoin valuation despite recent volatility in cryptocurrency markets.