"Bitcoin Decline May Be Completed, Year-End Rally Continues"

Key Developments in the Bitcoin Market

Standard Chartered analyst Geoffrey Kendrick believes that the recent decline in Bitcoin might be coming to an end. Kendrick views the current price correction as the third significant %30 correction since the introduction of spot Bitcoin Exchange Traded Funds (ETFs) in the United States last year.

Among market indicators, the adjusted net asset value (NAV) of MicroStrategy has fallen to zero. This situation indicates the exhaustion of sellers and suggests that buying opportunities may be increasing.

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