Namthip Muanthongthae/Getty Images Bitcoin's break below $58,000 on Wednesday clears a path for it to fall as low as $50,000, Standard Chartered said in new research. The crypto's decline has been driven by rising ETF outflows and falling US liquidity levels. But the firm has long been bullish on bitcoin, and still expects the token to reach $150,000 this year. Deteriorating conditions are denting the Bitcoin rally, with this week's drop below $60,000 putting it en route for an even lower price range.