Standard Chartered Forecasts Bitcoin to Hit $120,000 in Q2 2025

Standard Chartered forecasts Bitcoin's price could reach nearly $120,000 in Q2 2025 and $200,000 by the end of that year, marking a potential growth of over 110% from current levels.

Key Factors Influencing Bitcoin's Price

US Treasury term premium is at a 12-year high, suggesting favorable conditions for Bitcoin investment.
Large-cap investors ("whales") are accumulating Bitcoin, indicating confidence in its value.
Strategy, a major corporate holder of Bitcoin, has disclosed new weekly purchases.

Market Trends

Funds are moving into Bitcoin exchange-traded funds (ETFs), seen as a safe haven amidst economic uncertainty.
As of Monday, Bitcoin was trading around $95,300, up 51% year-over-year but relatively flat for the year.
Historical data shows that rapid price increases may be followed by periods of sideways trading.

Analyst Damir Tokic warns that Bitcoin may decline if the Nasdaq 100 sells off further, though it could strengthen as a safe-haven asset if the US dollar depreciates. Currently, BTC has retraced to approximately $94,560, with Ethereum showing stronger weekly performance at nearly 14% compared to Bitcoin's 7.3%. Other altcoins like XRP and Solana also experienced gains of 10% and 6%, respectively.

Bitcoin