Global Bank Standard Charterd is optimistic about Bitcoin for the rest of the year, citing the increase in the purchase entries of the Treasury of Businesses and High Entrances of Conditions negotiated on the stock market (ETF).
Standard Charterd is expecting Bitcoin (BTC) to print new peaks of $ 135,000 at the end of the third quarter, then broke $ 200,000 by the end of the year, said the bank manager of the bank’s digital assets, Geoff Kendrick, in a report Wednesday shared with Cointelegraph.
“Thanks to the increase in investor flows, we believe that BTC has exceeded the previous dynamics by which prices have dropped 18 months after a” half reduction cycle, “said Kendrick, adding that the trend of common ramblings would have led to a drop in prices in September or October 2025.
The latest report strengthens the Standard Charterd Bitcoin Bullery, the bank expecting it to reach $ 500,000 per part by 2028.
The half of the bitcoin cycle is dead
In his new analysis, Kendrick de Standard Chartered focused on the potential impacts of the cycle half of the Bitcoin, a price model associated with half the BTC, which occur approximately every four years.
By reducing the Bitcoin extraction reward by 50% to each reduction by half, the events of half of the BTC were historically linked to the two subsequent peaks of the price and other corrections.
While the two sofa cycles in previous half in 2016 and 2020 led to the drop in Bitcoin prices in about 18 months after the reduction in half, the impact of the last reduction in half of the bitcoin in April 2024 will probably be different due to new engines such as ETFs and purchases of strong companies, suggested Kendrick.
In relation: Crypto ETP Environments in H1 2025 down 2.7% compared to $ 18.3 billion last year
“We expect prices to resume their upward trend, supported by strong ETFs and Bitcoin cash purchases,” wrote Kendrick in the update, stressing that these two pilots were absent in the rifting cycles in previous half.
At the same time, Standard Charterd still does not exclude that the price could be somewhat agitated at the end of the quarter and at the beginning of the fourth quarter in the middle of the concerns concerning the model of correction of previous hassles.
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