Standard Chartered has reportedly cut its bitcoin target twice in three months, with its analyst now seeing a potential slide in the cryptocurrency's value. However, the bank's outlook on bitcoin's future price is unclear, with some reports suggesting a target of $50,000 or $59,000, while others indicate a potential recovery to $100,000. The overall market outlook for bitcoin is also uncertain, with some sources predicting a near-term price of around $67,000 to $70,000, while others express doubt about its ability to reach $100,000.