Bitcoin Decline May Be Completed, Year-End Rally Continues

Decisive Developments in the Bitcoin Market

Standard Chartered analyst Geoffrey Kendrick believes that Bitcoin's recent decline is nearing its end. Kendrick assesses the current price correction as the third major 30% correction since the introduction of spot Bitcoin Exchange-Traded Funds (ETFs) in the United States last year.

Among market indicators, MicroStrategy’s adjusted net asset value (NAV) has dropped to zero. This situation indicates seller exhaustion and suggests that buying opportunities may be increasing.

Kendrick states that a year-end rally remains his baseline scenario. For investors, this implies that there could be positive developments in the Bitcoin market in the coming period.