Bitcoin: Standard Chartered Says BTC Can Hit $130,000 by March
Bitcoin may be on its way to a $130,000 valuation by this March, according to analysts from Standard Chartered Bank. According to the bank’s analysts, institutional inflows accelerate and market sentiment shifts could trigger a breakout for the leading cryptocurrency. Standard Chartered analyst Geoffrey Kendrick paints a bullish picture for BTC in the coming weeks. The Standard Chartered head of digital assets research sees bitcoin gaining further momentum down the road a recent leveraged position reset and ongoing developments such as Trump’s crypto-related executive order. Looking ahead, Kendrick cites the Fed’s decision to leave interest rates unchanged as a positive sign for BTC. While macroeconomic risks still remain, Kendrick noted that the Fed’s stance reduces immediate uncertainty. The Standard Chartered analyst expects bitcoin to test the previous cycle’s all-time high of $109,000 in the coming weeks. “Above that I expect bitcoin to increase to a $112,000 to ...