Standard Chartered Bank predicts BTC could resume rising after falling to key support level of $87,000

Matt Mena, crypto research strategist at 21Shares, noted that the next key support level below $90,000 is $87,000. Standard Chartered Bank expects Bitcoin to resume its rise after falling to this level. Matt Mena expects Bitcoin to rebound before the end of the year as the holiday season may drive Bitcoin to the $110,000 to $120,000 range. "During holiday gatherings, investors often share their enthusiasm for Bitcoin and cryptocurrencies with family and friends, discuss their gains and show their profits and losses... This can spark curiosity and interest, attracting new investors into the space. We have seen this happen many times over the past few years." (businessinsider)