Bitcoin May Fall to $50,000, Crypto Bull Says. What Happens Next. — Barrons.com
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By Alex Kozul-Wright
Bitcoin was falling again early Friday, having failed to maintain a sustained bounce from last week's steep drop. One analyst thinks it could fall even further in the near-term.
The world's largest cryptocurrency dropped to $66,973, down 1.3% over the past 24 hours, according to CoinDesk data. Ethereum fell 1.3% to $1,955, while popular altcoin XRP was 2.3% lower.
Elsewhere, the crypto exchange Coinbase was up 6.5% in premarket trading, despite releasing disappointing fourth-quarter results Thursday.
Geoff Kendrick, head of digital assets research at Standard Chartered, recently lowered his Bitcoin price forecast for this year from $150,000 to $100,000. He also warned that the world's premier cryptocurrency could drop to as low as $50,000.
"Bitcoin tends to be a bit of a momentum [trade]," Kendrick told Barron's on Thursday.
Indeed, since the start of 2026 Bitcoin has fallen by 24%. But Kendrick also pointed out that if it "went to below $50,000, it would be[come] a fabulous buying opportunity."
In turn, he sees the price of major cryptocurrencies maintaining their downward trajectory before shooting back up again.
Looking ahead, investors will be paying close attention to Friday's inflation report. Any indication that consumer prices are slowing could prompt the Fed to cut rates faster, which would provide a lift for cryptocurrencies.
Write to Alex Kozul-Wright at alexander.kozul-wright@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
source: https://www.tradingview.com/news/DJN_DN20260213003532:0/