In brief
- Standard Chartered’s Global Head of Digital Assets Research has argued in a research note that Bitcoin could soon reach a new all-time high, and keep climbing to $135,000.
- Analyst Geoff Kendrick said Bitcoin has deviated from a pattern that previously saw prices fall 18 months after the halving.
- Kendrick added that he expects to see institutional demand to increase through the end of 2025.
Bitcoin could reach a new all-time high as soon as next week and keep climbing to $135,000, Standard Chartered’s Global Head of Digital Assets Research said in a new note shared with Decrypt.
Yesterday Bitcoin soared above $121,000, keeping stride with a Q4 pattern that’s been coined “Uptober.” Early Friday morning BTC was trading for around $120,420, 1.3% higher than this time yesterday, according to data from crypto price aggregator CoinGecko.
Although BTC looks to be keeping its Uptober tradition, Standard Chartered’s Geoff…
