🎉 #Gate Alpha 第三届积分狂欢节 & ES Launchpool# 联合推广任务上线!
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Launchpool 公告:https://www.gate.com/zh/announcements/article/46134
Alpha 第11期公告:https://www.gate.com/zh/announcements/article/46137
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Standard Chartered expects Bitcoin to hit new highs of $135K in Q3
Global bank Standard Chartered is bullish on Bitcoin for the rest of the year, citing increasing corporate treasury buying and strong exchange-traded fund (ETF) inflows.
Standard Chartered expects Bitcoin (BTC) to print new highs of $135,000 by the end of the third quarter and then break $200,000 by the end of the year, the bank’s digital asset research head, Geoff Kendrick, said in a Wednesday report shared with Cointelegraph.
“Thanks to increased investor flows, we believe BTC has moved beyond the previous dynamic whereby prices fell 18 months after a ‘halving’ cycle,” Kendrick said, adding that the common halving trend would have led to price declines in September or October 2025.
Bitcoin halving cycle is dead
In his new analysis, Standard Chartered’s Kendrick focused on the potential impacts of the Bitcoin halving cycle, a price pattern associated with BTC halving events, which occur about every four years.
Cutting the Bitcoin mining reward by 50% each halving, BTC halving events have been historically linked to both subsequent spikes in the price and further corrections.
Related: Crypto ETP inflows in H1 2025 down 2.7% from last year’s $18.3B
“We expect prices to resume their uptrend, supported by continued strong ETF and Bitcoin treasury buying,” Kendrick wrote in the update, emphasizing that both of these drivers were absent in the previous halving cycles.
At the same time, Standard Chartered still doesn’t rule out that the price could be somewhat choppy in late Q3 and early Q4 amid concerns about the correction pattern from the previous halvings.
Magazine: Bitcoin ‘bull pennant’ eyes $165K, Pomp scoops up $386M BTC: Hodler’s Digest, June 22 – 28