Standard Chartered Says Bitcoin Could Hit $135K By The End Of Q3, Soar To $200K By Year-End After Breaking Halving Cycle
Standard Chartered predicts that crypto market leader Bitcoin (BTC) will soar to $135K by the end of Q3 2025, and go on to hit $200K by the end of the year after breaking out of its halving cycle. “Thanks to increased investor flows, we believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle,” wrote Standard Chartered’s head of digital asset research, Geoff Kendrick, in a report today. New Market Drivers Could Push The Bitcoin Price Higher Kendrick went on to say that Bitcoin has broken out of its past 18-month halving cycle given there are now market drivers, such as spot Bitcoin ETFs (exchange-traded funds) and public companies adding BTC to their balance sheets, that were not present during past Bitcoin halvings. “We expect prices to resume their uptrend, supported by continued strong ETF and Bitcoin treasury buying,” the analyst wrote. 🚀 STANDARD CHARTERED SEES #BITCOIN HITTING...