Bitcoin has recently enabled discussions about the target of 100k dollars and new ATH with its strong recovery, while it is moving above 94k dollars in the new week.
As the belief in the rise grows day by day, new statements have come from the banking giant Standard Chartered.
We Expect a New ATH for Bitcoin in the Second Quarter!
At this point, Standard Chartered stated that Bitcoin is preparing to reach a new ATH in the second quarter of 2025.
Geoff Kendrick, Head of Global Digital Assets Research at Standard Chartered stated in the report that the rise in Bitcoin will be supported by strong BTC accumulation and the reallocation that will occur as U.S. investors move away from domestic assets.
Kendrick stated that many important indicators suggest that the momentum of the rise in Bitcoin is forming, “We expect a sharp increase in Bitcoin triggered by strategic reallocation by investors moving away from US assets in the coming months.”
Kendrick stated that the bullish thesis in Bitcoin is supported by several important indicators, including strong whale accumulation and an increase in ETF inflows.
Kendrick, last week’s ETF flows increased, indicating a reallocation towards Bitcoin.
Bitcoin “whales” holding more than 1,000 BTC have increased their accumulations during the recent drop and recovery.
Kendrick said, “Investors referred to as whales in Bitcoin increased their assets during the subsequent recovery driven by both tariff-related price drops and FED independence risks.”
Bitcoin: First 120 Thousand Dollars, Then 200 Thousand Dollars!
Geoff Kendrick stated that they expect Bitcoin to rise from its current level of around 95,000 dollars to approximately 120,000 dollars in the second quarter, and he expressed that they anticipate the increase to continue throughout the summer, reaching the year-end target of 200,000 dollars.
“It’s hard to determine the timing of the rise, but we think it’s close; we expect it to reach a new all-time high in Q2.”
At this point, we expect Bitcoin to reach a new all-time high of around $120,000 in the second quarter with supportive factors.
We see that the rise continued throughout the summer and is carrying BTC-USD towards our year-end prediction of 200,000.
Target: Soon $120,000, by the end of 2025 $200,000.
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