Bitcoin consolidates after sharp swings, forecasts cut but bull case intact

BTC is down marginally on the day around $92,390 after pulling back from October’s $126,000 peak, with volatility gauges still compressing according to CoinDesk. A top Standard Chartered strategist halved multi‑year price targets and miners face record‑low hashprice and AI competition, yet Bernstein and others still frame this as an extended bull cycle driven by ETF and institutional demand.