Buy Bitcoin Now or Miss Out Forever, Says Standard Chartered Crypto Guru

Core Viewpoint - Standard Chartered's crypto analyst Geoffrey Kendrick believes Bitcoin's recent dip below $100,000 may be the last opportunity for investors to buy at this level, suggesting a staged buying strategy based on technical indicators [1][2]. Group 1: Bitcoin Trading Strategy - Kendrick recommends a three-stage entry strategy for Bitcoin, starting with an immediate allocation of 25% at current levels, adding another 25% if Bitcoin closes above $103,000, and committing the remaining 50% when the Bitcoin-gold ratio exceeds 30 [3]. - The current trading price of Bitcoin is approximately $103,045, just $1,100 above its critical 50-week moving average [2]. Group 2: Market Analysis and Historical Performance - Historical data shows that Bitcoin has only lost its 50-week moving average support level four times, each time leading to tests of the 200-week moving average, which is currently around $55,000 [2]. - Analysis of Bitcoin's performance during market crises since 2020 indicates that it tends to outperform gold and equities after initial panic subsides, despite being perceived as a high-risk asset during acute stress [5][6]. - During the COVID-19 crash in March 2020, Bitcoin took two months to recover to pre-crisis levels but achieved a 220% gain over the following six months, significantly outperforming gold and the S&P 500 [6].