Geoffrey Kendrick's Guide: Timing Bitcoin Accumulation Following the $100K Dip

Investment Strategy: Standard Chartered’s Geoffrey Kendrick recommends a tiered buying strategy for Bitcoin, suggesting investors buy in stages based on specific price signals, including a close above $103,000 and a Bitcoin-to-gold ratio above 30.

Market Analysis: Kendrick believes the recent dip below $100,000 may be the last, emphasizing the importance of the 50-week moving average for long-term momentum and indicating that Bitcoin is currently consolidating above $100,000.

Positive Market Influences: He cites renewed inflows into Bitcoin ETFs and capital rotation from gold ETFs, along with easing geopolitical tensions between the U.S. and China, as factors contributing to a bullish outlook for Bitcoin.

Future Expectations: Kendrick anticipates that upcoming Federal Reserve rate cuts and potential leadership changes will further support Bitcoin's price, suggesting that if the current week performs well, Bitcoin may not drop below $100,000 again.