4 hours ago
Bitcoin (BTC) could surge to a caller all-time precocious of $120,000 successful the 2nd 4th of 2025, driven by strategical plus reallocations and shifting concern flows, according to a caller forecast from Standard Chartered.
In a probe enactment published connected April 28, the bank’s caput of integer assets research, Geoffrey Kendrick, said respective factors are culminating successful a bullish environment for Bitcoin.
Kendrick said:
“I deliberation we are gathering into 1 of those topside moves close now, for respective reasons.”
According to Kendrick, these see strategical plus reallocations, US investors divesting from home assets, Bitcoin whale accumulation, and flows shifting retired of golden ETFs into Bitcoin ETFs.
He noted that “historical terms enactment (short topside bursts followed by months of sideways terms action) suggests it is vital” to expect specified moves.
Strategic reallocation
According to the report, a strategical determination distant from US assets is simply a large catalyst for Bitcoin’s expected upswing.
Kendrick highlighted that the rising US Treasury word premium, a metric intimately correlated with Bitcoin terms movements, is signaling a reallocation inclination that could favor Bitcoin.
Time-of-day trading patterns besides suggest that “US investors themselves are divesting retired of US assets,” portion on-chain information indicates that Bitcoin whales person been steadily accumulating during caller months.
Kendrick said that flows retired of accepted golden ETFs and into Bitcoin ETFs person besides started, adding further momentum to the outlook.
Bitcoin is presently trading astir $94,000, astir 7 times higher than its rhythm debased from November 2022. Standard Chartered expects these supportive factors to propulsion Bitcoin to “a caller all-time high” successful the 2nd quarter.
Path to $200,000 successful sight
Looking further ahead, Kendrick reaffirmed the lender’s end-2025 terms target, stating:
“Then onto my $200k end-year forecast.”
The study emphasized that portion “timing the upswing is tricky,” the indicators present lining up suggest an imminent determination higher.
A illustration included successful the probe enactment illustrated the beardown humanities correlation betwixt Bitcoin’s terms and the US Treasury word premium, reinforcing the statement that macroeconomic shifts could accelerate Bitcoin’s growth.
Kendrick concluded the enactment with a proposal to presumption for an imminent upside determination successful Bitcoin.
Standard Chartered’s bullish stance comes arsenic Bitcoin continues to pull organization inflows and broader acceptance arsenic a strategical plus amid planetary fiscal marketplace uncertainty.
The station StanChart predicts Bitcoin rally to $120,000 successful Q2 appeared archetypal connected CryptoSlate.
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