Standard Chartered Bank has lowered its 2026 price target for Bitcoin, stating that the price of BTC could fall to $50,000.
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According to ME News, on February 12th (UTC+8), Standard Chartered Bank lowered its Bitcoin price forecast for the second time in less than three months, warning that the BTC price could fall below $50,000 before recovering. In a report on Thursday, the bank stated that it now expects Bitcoin to be worth $100,000 by the end of 2026, down from its previous forecast of $150,000. Last December, the bank had already significantly lowered its Bitcoin price target from $300,000. This latest adjustment comes after a turbulent period for the digital asset. Since the market crash last October, Bitcoin has struggled, subsequently experiencing continued volatility and shifts in risk appetite. (Source: ME)
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