Is It Time for a Sharp Turn in Bitcoin? Standard Chartered Gives Dates for $120K and $200K!

Bitcoin has been making headlines again with its strong recovery in recent days, with $100,000 and new ATH targets being discussed again, and is moving above $94,000 in the new week. While the belief in the rise increases day by day, new statements came from the banking giant Standard Chartered. We Expect a New ATH in Bitcoin in the Second Quarter! At this point, Standard Chartered said that Bitcoin is preparing to reach the new ATH in Q2 2025. The report, prepared by Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered, stated that the rise in Bitcoin will be supported by strong BTC accumulation and reallocation of US investors away from domestic assets. Kendrick, who noted that many key indicators point to bullish momentum building in Bitcoin, said: “We expect strategic reallocation by investors away from US assets in the coming months to trigger a sharp rally in Bitcoin.” Stating that the bullish thesis in Bitcoin is supported by several important indicators, Kendrick stated that these are strong whale accumulation and increasing ETF inflows. Kendrick noted that ETF flows over the past week have increased, indicating a reallocation from gold to Bitcoin. Again, Bitcoin “whales,” wallets holding more than 1,000 BTC, increased their holdings during the recent drop and recovery. “So-called whale investors in Bitcoin increased their holdings during both the tariff-induced price crash and the subsequent recovery driven by Fed independence risks,” Kendrick said. First $120,000 in Bitcoin, Then $200,000! Geoff Kendrick recently stated that they expect Bitcoin to rise from its current level of around $95,000 to around $120,000 in the second quarter, and that they expect the rise to continue throughout the summer and reach the year-end target of $200,000. “The timing of the rally is difficult to determine, but we think it is imminent; we expect it to reach a new all-time high in Q2. At this point, we expect Bitcoin to make a new all-time high around $120,000 in the second quarter on supportive factors. We see the rally continuing throughout the summer, pushing BTC-USD towards our forecast of 200,000 by the end of the year. Goal: $120,000 soon, $200,000 by the end of 2025.” *This is not investment advice. Continue Reading: Is It Time for a Sharp Turn in Bitcoin? Standard Chartered Gives Dates for $120K and $200K!

Source: BitcoinSistemi