The Bitcoin price has reached a new summit of all time of $ 109,220 today, ending the expectations of investors of four months. After breaking the ancient summit of $ 108,900, BTC should continue its increase in the coming days.
However, this raises the potential for taking profits to the hands of investors. However, the previous data shows that even during the January 2025 ATH, the exchanges did not see much intrigue immediately after the ATH, which makes it likely that investors could refrain from selling until strong signs of a top of the market appear.
However, BTC finally noted a downward trend when the market has cooled and the profits began. This led the BTC to fall at $ 74,508 in the next three months. It remains to be seen if it will happen again.
Nevertheless, Standard Chartered seems to be hyper bruise with regard to bitcoin. Addressing Beincrypto, Geoff Kendrick, manager of digital asset research at Standard Charterd, said Bitcoin was still in progress to reach $ 500,000 before the end of Trump’s second administration.
“While more and more investors have access to the assets and volatility drops, we think that portfolios will migrate to their optimal level from an starting position in Bitcoin weight insufficiency.”
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