ChainCatcher reports that Standard Chartered has downgraded its Bitcoin price forecast for the second consecutive time, lowering the target price from $150,000 to $100,000, a decrease of 33%. In a report released on Thursday, the bank warned that Bitcoin prices could drop to $50,000 before rebounding.
It is noteworthy that this is the second time in three months that Standard Chartered has revised its Bitcoin forecast downward. In December last year, the bank already reduced its original target price from $300,000 to $150,000.
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