Bitcoin Price Target of $200,000 Remains Possible According to Standard Chartered

Standard Chartered (STAN) predicts that Bitcoin (BTC) will break historical post-halving patterns and aim for an all-time high in the second half of the year. Key points from the report include:

The price typically declines 18 months after a halving event, but institutional support is expected to counter this trend.
Geoff Kendrick, head of digital assets research, stated, "The bitcoin halving cycle is dead."
The year-end price forecast for Bitcoin is $200,000, with an expectation to reach approximately $135,000 by the end of Q3.
Strong inflows from spot Bitcoin ETFs and corporate treasury demand totaled 245,000 BTC in Q2 and are predicted to increase.
Potential macroeconomic boosts include a possible early exit of Fed Chair Jerome Powell and advancements in U.S. stablecoin legislation.