Standard Chartered Maintains Bitcoin Forecast: $100,000 Target

Bitcoin has fallen 4.75% in the last 24 hours to $63,763, trading just below its 20-day moving average of $63,995. The RSI stands at 44, indicating neutral territory, while the MACD is negative but approaching its signal line, suggesting weakening bearish momentum. Although Standard Chartered maintains its $100,000 price target, supporting long-term optimism, the price remains below the 50-day moving average of $65,853 in the short term, and the downtrend persists. Therefore, short-term direction remains uncertain, with closes above $64,000 needed for a potential recovery.

COIN stock experienced a 13.5% decline in the last 24 hours, closing at $163.40. Although the RSI at 30.17 is approaching oversold territory, the MACD continues to give a sell signal. The price is trading below both the 20-day ($172.52) and 50-day ($178.01) moving averages. Despite a positive headline forecast for Bitcoin, this has not had an upward impact on COIN in the short term. Weakness in technical indicators and the price remaining below critical support levels suggest that the downtrend may continue in the near term.

MSTR shares experienced a sharp decline of 18.8% in the last trading session, pushing the RSI to 29.5, indicating oversold conditions. The MACD remains below the signal line and in negative territory, reflecting weak short-term momentum. The stock is trading below both its 20-day and 50-day moving averages, confirming a bearish technical outlook. While the reaffirmation of the Bitcoin forecast is a positive development, the weakness in technical indicators and the recent steep decline suggest a low probability of a near-term recovery. Therefore, the stock is expected to maintain its downward trend over the next 1-3 days.