The Bitcoin (BTC) market continues its downtrend, falling 0.91% over the last 24 hours. 

The market is highly divided between the bulls and the bears. In a report posted on Thursday, Standard Chartered announced that it has lowered its long-term and short-term expectations for major cryptocurrencies, including BTC’s prices now expected to crash to $50,000 in the near-term. On the other hand, increased whale accumulation and global policy changes, specifically Thailand’s evolution into a crypto-inclusive market, signal the dawn of a new era for the digital asset.

Will the highly anticipated price crash pave the way for a potential recovery or a bloodbath?

Bitcoin’s Current Market Scenario

Bitcoin is down 0.91% to…