Bitcoin to Hit New All-Time High Around $120K in Q2, Standard Chartered Says

[olori 4]

Bitcoin could hit a new all-time high in the second quarter of this year, according to Standard Chartered's Geoff Kendrick.

The move higher is likelly to fueled by investors moving out of U.S. assets.

Kendrick reiterated his previous target of $200,000 by the end of the year.

Strategic allocation away from U.S. assets by investors could see bitcoin hit a new all-time high in the second quarter of the year, Standard Chartered's Geoff Kendrick said in a report Monday.

Kendrick sees the world's largest cryptocurrency as reaching $120,000 this quarter as he reiterated his previous target of $200,000 by the end of 2025.
Bitcoin was trading around $95,300 at publication time.

Kendrick noted that the U.S. Treasury term premium, which is closely correlated to the bitcoin price, is at a 12-year high. Accumulation by whales has also been strong. In addition, bitcoin time-of-day analysis suggests that American investors may be looking for non-U.S. assets, he said.

Lastly, exchange-traded fund (ETF) flows in the last week suggest "safe-haven reallocation from gold into BTC," wrote Kendrick.

[Nwada001]

You should always try to include a link to the stories below, as you almost copied everything from the article published on CoinDesk.

Bitcoin to Hit New All-Time High Around $120K in Q2, Standard Chartered Says

Since the prediction said "could", it could happen, and it might still not happen; it's just a prediction. The second quarter is usually from April down to June if we are to use 4 quarters a year, which is to say the prediction assumes that we are likely to see Bitcoin at $120k before the end of two months, which we have ahead before the end of the second quarter. Investors are shifting their focus, which is true, but I don't see Bitcoin achieving that price that soon.

[headingnorth]

With bitcoin receiving a large amount of institutional and regulatory support in recent times this is not hard to believe.

Even central banks like the Swiss Central Bank are buying in through proxies like Microstrategy, whose stock price has skyrocketed
in recent days. European banks may be dismissive of bitcoin in public, but look at what they do not what they say.
Institutions and other whales prefer to quietly accumulate when prices are low to avoid triggering big spikes in the price.

So keep HODLing your bitcoin. Don't gamble it away to crypto scamming casino websites that seem to be heavily promoted on this forum.

[BIT-BENDER]

OP stating that standard chartered said it is not enough you still have to show a link to where you copied it from and seeing you did a while lot of copying.
Well even if you put a link to it I don't think that is enough, it is actually right to read up and article, then you try as much as possible to digest it then you can give it from your point of view, I mean let us read your thoughts, knowledge and perspective of the article.

[OgNasty]

I think this is a pretty obvious take.  Who ISN'T expecting Bitcoin to hit $120K in Q2?  I would even go a step further and say that we are going to hit a new all time high of around $170K in Q3.  At that point it is up to the FOMOers out there to decide if we go to $200K and beyond in Q4.  I believe with the right mix of corporate adoption and media shilling we could see Bitcoin get as high as $700K this year.  That is a bit unlikely though.  I think $170K-$210K is a very likely top point for this cycle and it will come between August & September.  I don't have faith in big public companies carrying us to $700K this year, but we'll see.

[Franctoshi]

I think this is a pretty obvious take.  Who ISN'T expecting Bitcoin to hit $120K in Q2?  I would even go a step further and say that we are going to hit a new all time high of around $170K in Q3.  At that point it is up to the FOMOers out there to decide if we go to $200K and beyond in Q4.  I believe with the right mix of corporate adoption and media shilling we could see Bitcoin get as high as $700K this year.  That is a bit unlikely though.  I think $170K-$210K is a very likely top point for this cycle and it will come between August & September.  I don't have faith in big public companies carrying us to $700K this year, but we'll see.

Yeah, $170-$200k is a fair valu price to likely reach, if we take into account all the fundamental holders of Bitcoin as still very strong, and if Fed starts its cutting of rates ( QE ) thereby giving more room for more money to melt into Bitcoin, plus the total stoppage of Trump's trade war with other countries and all participants comes to a round table agreement, especially China. All will give an ease on the the market and then brings investors confidence back to start buying more Bitcoin.

[CryptSafe]

I think this is a pretty obvious take.  Who ISN'T expecting Bitcoin to hit $120K in Q2?  I would even go a step further and say that we are going to hit a new all time high of around $170K in Q3.  At that point it is up to the FOMOers out there to decide if we go to $200K and beyond in Q4.  I believe with the right mix of corporate adoption and media shilling we could see Bitcoin get as high as $700K this year.  That is a bit unlikely though.  I think $170K-$210K is a very likely top point for this cycle and it will come between August & September.  I don't have faith in big public companies carrying us to $700K this year, but we'll see.

Obviously, I would like it to reach a new ath of $200k, higher than the previous ath, but all these are just speculations and nobody can predict how the market will swing as it would go but rather factors that are in place can only be determined to some extent.  I just see some fomo as unrealistic for a potential bull to be effective and beneficial to the community. Although from all indications we are still in the bull season and we wait and hope to see how events unfold in the crypto space for a continued pump in the price of Bitcoin and other alts.

[d5000]

I agree with the prediction, but my own guess is a little bit higher: around 130-150k.

120k would be a bit too close to the previous high of 109. We had a similar pattern in 2021 (first high sligthly over 60k, second high 69k), but I think this year it was the China mining ban which held back the price a bit. Thus after the ATH was surpassed, FOMO could not fully explode because there were probably still Chinese miners dumping and negativity around (El Salvador's Bitcoin law wasn't enough). The China mining ban led to an >40% dump, which was almost a full fledged bear market, in only a few months. With that fear level in the market it was expectable that people would take profit a bit earlier than "normally".

For this reason this year, if 109k is surpassed, FOMO will probably materialize a bit more than in that similar situation in 2021. However, we still may see uncertainty in the market due to the geopolitical tensions.

If of course there's peace in Ukraine (without Ukraine capitulating) or a similar "good" black swan, I would also expect 170-200k.

[Ojima-ojo]

We all expect bitcoin to even cross that speculated price, many even expected bitcoin to cross above $150k within this year end if 3rd quarter, although everyone is free to make whatever predictions they wish but then we need to make each attempt based on well funded knowledge and information regarding market analysis.


We should always make preparations to see a much higher uptrend but then, we shouldn't get carried away with uptrend expectations alone.

[Btcdeybodi]

Organizations, institutions and individuals will keep making predictions and speculations about the price of Bitcoin that is what you should know. The second quarter of the year will expire in about a couple of months time and looking at where the price is now, $120k may not be achieved before the end of 2nd quarter but it can happen in the third quarter but I don't argue the possibility of a new ATH before the end of 2nd quarter but it may not get to $120k as Standard Chartered predicted. There are signs of a bull run any moment but we should not neglect corrections that may likely happen and slow down the price movement of Bitcoin.

You should always try to include a link to the stories below, as you almost copied everything from the article published on CoinDesk.

Bitcoin to Hit New All-Time High Around $120K in Q2, Standard Chartered Says

OP is probably showing signs of a newbie even though he has spent close to 5 years in the forum checking from his registration date which is December 13th 2020, he should have known that it is important to attach a link to a source that a news or information is being gotten from. Thanks for helping him do that

[BitMaxz]

There's no perfect prediction; all predictions from analysis are for a long-term perspective, but take note, the $96k level hasn't broken yet, there's strong resistance at $96k, according to Coinglass data, there's a big liquidation area below the $96k price, which needs to be wiped out first after wiping them off I believe they are going to retest $96k price if it brokers then there's a higher chance that we can see the new ATH this Q2.

Another fundamental side, no update yet for the tariff, if there's any good news later, it will break the big resistance area at $96k; however, no updates yet from Pres. Trump.

In my prediction, I think that because of this consolidation, the price might drop first to the $88k level before it retests the $96k level. There are many speculations, but if people believe in BTC, why not keep holding? I am sure these investors the only one thing they know is to buy DCA and hold for the long term. So, it is hard to predict, only institutions and banks that make BTC volatile in the past few weeks, and now no huge movement yet, and it is still in a consolidation phase at the $90k level.

[Botnake]

With or without this prediction from Kendrick, it’s still very obvious that bitcoin price will eventually reach $120k regardless if it’s in the second or third quarter of this year. In fact, I’m actually seeing $130k-$150k for bitcoin in the next months possible but most likely, the price will crash once again before it will reach its new all time high.

Bitcoin has always high potentials to achieve higher prices, so it’s not surprising why a lot of bitcoin analysts are still very optimistic with the next prices for bitcoin.

[uchegod-21]

Every positive speculation about bitcoin is expected at this time that bitcoin is gaining massively public adoption. But I also do not encourage investors to lean their hope keenly on speculations because there is no guarantee that they will happen. You can agree with me how many speculators suggested that bitcoin will make $120k and even upto $200k in the Q1. A few days now, we will end the Q1 of 2025 and yet bitcoin is yet to re-test the $100k landmark again. Just do your own research and know that bitcoin is tilting towards greatness.

[STT]

120k is just returning to the old high if we include the constant inflation in dollar and especially the lower dollar index recently.   Thats a fair target, we should at least be able to do that this year though I dont know its Q2.
 BTC is now on a far more positive keel since beating this years downtrend.

In the last 6 days the lowest price seen was 91.7k and thats with good reason as  roughly matches the later weekly lows post US election which saw BTC rise.   Thats quite a pivotal point to hold in balance between positive or negative progress in BTC price action.  I'm willing to go with the positive projection by this bank who specialize in developing assets and are not risk adverse so should be well familiar in a variety of currencies far outside the dollar.

[mich]

Well i do think it can happen we will see price of Bitcoin at 120k in few months. That price will break all time high of Bitcoin and I do think think it will happen some time in this year. 

We do know that a 'bull rush' will happen at some time in near future. When it will not happen we can not know but I am still going to hodl my coins and not sell any.

[JeffBrad12]

I'm optimistic man and I agree with this speculation honestly, people will find themselves needing solution to fight inflation, they just don't know it yet that inflation is eating up their wealth and bitcoin can help hedge against inflation.
The recent recovery from $70k level to $95k again was steady and fast, i can imagine the same scenario plays out for bitcoin to reach new ATH.
I know some people are pessimistic but we need to learn what happened when bitcoin touched support at 49k back then and price just doubled from that and even more.
Bitcoin isn't constrained with time, if market wants it bitcoin can pump to 200k in just few weeks.

[traderethereum]

Bitcoin can reach $120k in this second quarter but if Bitcoin is not back to $100k, it seems that will not easy especially if bad news comes too many. But for long term, I am sure Bitcoin will pass $120k and will make a new ATH.

We can not be sure when that will happen but whether that will happen in this second quarter or not, we need to have patience and see it later. I feel Bitcoin can break $150k or even almost $200k this year because I see more big companies and institutional have a big interest to Bitcoin.

That will give more support to Bitcoin and more will come to Bitcoin. We can't just wait for what will happen without any preparation so lets continue accumulating Bitcoin until the time come for us to sell our Bitcoin.

[bbc.reporter]

@traderethereum. However, there has been much bad news already and bitcoin has still pumped from the low of the most recent dump. If this Tariff war occurred before 2020, we can be very certain that the dump would be very much bigger and the recovery would be very much slower.

In any case, the whales are waiting!



It was a big month for decoupling — a term for Bitcoin’s divergence from tech stocks’ performance, which the cryptocurrency has mirrored for years.

Bitcoin was up 13% in April, outperforming gold, which gained 7.5%.

The tech-heavy Nasdaq, meanwhile, has dropped 0.1% over the last 30 days.

Analysts have noticed the shift.

“Big boy institutions are waiting for [Bitcoin] to behave like a safe haven,” Bloomberg Intelligence analyst Eric Balchunas tweeted. “When it does, look out.”

Read in full https://www.dlnews.com/articles/markets/bitcoin-decoupling-galvanises-crypto-backers/

[Free Market Capitalist]

I wouldn't be surprised either. The price seems to have found resistance around $95K but with the demand there is, and the demand to come, it has to go up and break the previous ATH. I wouldn't rule out a small drop before then, however, where whales fleece a few retail investors buying cheap before the rise.

[m2017]

The move higher is likelly to fueled by investors moving out of U.S. assets.

And also, because of the crazy dollar printing machine, causing inflation.

Kendrick reiterated his previous target of $200,000 by the end of the year.

There is a downside to this cost. This is the growth of inflation, which will be significantly noticeable outside of bitcoin.

The growth of bitcoin is not only "enrichment" due to price growth, but also "impoverishment" due to inflation, which affects all assets and goods/services.

Strategic allocation away from U.S. assets by investors could see bitcoin hit a new all-time high in the second quarter of the year, Standard Chartered's Geoff Kendrick said in a report Monday.

I could believe the analysts if their forecasts at least came true normally.

Kendrick sees the world's largest cryptocurrency as reaching $120,000 this quarter as he reiterated his previous target of $200,000 by the end of 2025.
Bitcoin was trading around $95,300 at publication time.

There are two possible scenarios here: either it will happen, or it won't.

We all know here, even without these analysts, that in the long term, bitcoin will only become more expensive and the price of $200k will be reached sooner or later. If not at the end of this year, then next year.