Memecoin

Million

Standard

Despite the recent pullback, the price of Bitcoin could more than double this year thanks to a bullish pattern that could revive its rise, according to Geoff Kendrick, head of digital assets research at Standard Chartered.
In a recent interview with BNN Bloomberg, Kendrick reiterated his firm's $150,000 price target and predicted a 127% upside for Bitcoin by the end of the year.
Bitcoin has experienced a pullback in recent weeks, losing 11% from its all-time high of around $73,000 in March of this year. Kendrick said this pullback was due to slowing inflows into Bitcoin ETFs and rising tensions in the Middle East, which “dominates” crypto markets for now.
But Kendrick believes this trend could reverse later in the year, thanks to a large wave of investor inflows. Kendrick estimates that spot Bitcoin ETFs have attracted approximately $12 billion in investment since they were approved in January. While crypto investors may be temporarily cautious, Kendrick estimates that inflows could rise to $50 billion to $100 billion over the next two years as the crypto ETF market in the U.S. becomes more “mature.”
Related News: <a href="https://en.bitcoinsistemi.com/dream-whale-turns-110k-into-8-72-million-in-just-3-hours-by-buying-this-memecoin/" target="_blank" rel="noopener noreferrer nofollow">"Dream Whale" Turns $110K into $8.72 Million in Just 3 Hours by Buying This Memecoin</a>
Kendrick said Bitcoin also appeared to be in an upward trend after the halving event. “From where we are right now, it's starting to look like we could be on the rise again,” Kendrick said.
Standard Chartered is among the most bullish Bitcoin forecasters on Wall Street, and the firm has also predicted that Bitcoin could climb to $250,000 in 2025, representing a 266% increase from the coin's March levels.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/standard-chartered-shares-bitcoin-price-target-explains-the-reason-for-btcs-recent-decline/" rel="noopener noreferrer nofollow">Standard Chartered Shares Bitcoin Price Target – Explains the Reason for BTC’s Recent Decline</a>

Standard Chartered Shares Bitcoin Price Target – Explains the Reason for BTC’s Recent Decline

Bitcoin Sistemi EN

Các bài viết khác được xuất bản trên 23 thg 4, 2024

Furrever Token (FURR) Terus Mendapatkan Perhatian dan Bagaimana Pasar Bitcoin (BTC) Serta Ethereu...

The Next Cryptos Set for Unstoppable Growth

Binance-backed defi protocol Velvet Capital suffers front-end attack

BIG SHIB Profit: Can $500 in Shiba Inu turn into $1,000,000 After Bitcoin Halving? Find Out..

PayPal Unveils Modern Rewards Plan For Sustainable Bitcoin Mining

Blast Airdrop 2024- The Comprehensive Guide for Blast Airdrop

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!