The Global Bank Standard Charted is up to Bitcoin for the rest of the year, indicating an increase in the purchase of the cabinet for companies and the strong box flows on the stock exchange (ETF).
Jeff Kendrick, head of the bank’s digital asset research, Jeff Kendrick, said in a joint Wednesday report with Cointelegraph, that Standard Charted expects Bitcoin (BTC) to print new levels of $ 135,000 by the end of the third quarter, then break $ 200,000 by the end of the year.
“Thanks to the increase in investor flows, we believe that BTC has exceeded the previous dynamic, as prices decreased 18 months after the” half cycle “, adding that the half -common direction would have led to low prices in September or October 2025,” Kindrik said.
The last report reinforces the rise of Standard Charterd on Bitcoin, as the bank expects to reach $ 500,000 per coin by 2028.
The half of the bitcoin coin is dead
In his new analysis, Kendrick’s Standard Charged focused on the possible effects of the half Bitcoin, a price -related price pattern, which occurs almost every four years.
Bitcoin mining bonus cut by 50 % half, the Half BTC events have historically linked to both subsequent nails in the price and more corrections.
While the previous two sessions in 2016 and 2020 led to the decrease in bitcoin prices in about 18 months of half, the effect of the latest Bitcoin in April 2024 is likely to be different due to new drivers such as strong ETF and the purchase of companies.
Related to: Crypto ETP flows in H1 2025, a decrease of 2.7 % from last year 18.3 billion dollars
“We expect prices to resume the trend, with the support of ETF and Bitcoin Treasury Buying,” Kindrik wrote in the update, stressing that both drivers were absent in the previous half -sessions.
At the same time, Standard Charted still does not rule out that the price can be somewhat intermittent in the late third quarter and the early fourth quarter amid concerns about the correction pattern of previous exclusion.
Bitcoin’s investment funds see external flows after 15 days of flows
The latest Kendrick visions about the ups of ETFS and the purchase of companies against pressure from the half -cycle when the negative ETF instant Bitcoin flows turned 15 days after the flows.
According to To data from Sosoperue, ETFS in the United States Bitcoin recorded $ 342.3 million of external flows on Tuesday, which represents the first outflows since June 6. The outflows for 7 % of the total flow of $ 4.8 billion in the 15 -day term.
According to Kindrik, the total Bitcoin ETF flows and corporate police reached 245,000 BTC in the second quarter. “We expect this level to be exceeded in the Q3 and Q4,” he added.
magazine: Bitcoin ‘Bull Pennant’ $ 165K $, POMPS Scoops Up $ 386 million BTC: Hodler’s Digest, 22-28 June
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2025-07-02 09:41:00
