
Bitcoin Correction: Potential Drop to $88,700, But $125,000 Year-End Target Still in Sight
Bitcoin’s Recent Pullback and Its Impact on the Market What Happened: Bitcoin’s sharp pullback from its record high just under $100,000 has sparked concern among traders, with Standard Chartered’s Geoffrey Kendrick attributing the correction to several factors, including a reduction in U.S. Treasury term premium and upcoming options expirations. According to Kendrick, the significant reduction…