Standard Chartered analyst Geoff Kendrick expressed concerns about the short-term trends of Bitcoin and Strategy (formerly MicroStrategy) as Bitcoin prices face potential volatility near key support levels, Golden Finance reported. Kendric noted that the price range on November 6, 2024 (the day after the U.S. election) is a key potential support area for Bitcoin, with an estimated price range between $69,000 and $76,500. He believes that Bitcoin’s trend in this range may determine its short-term trend. He noted that if Bitcoin’s price falls into the $69,000 to $76,500 range, it will be closer to Strategy’s average purchase price of $65,000, so it’s a key level to focus on.