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Normal Chartered predicts that crypto market chief Bitcoin (BTC) will soar to $135K by the tip of Q3 2025, and go on to hit $200K by the tip of the yr after breaking out of its halving cycle.
“Because of elevated investor flows, we imagine BTC has moved past the earlier dynamic whereby costs fell 18 months after a ‘halving’ cycle,” wrote Normal Chartered’s head of digital asset analysis, Geoff Kendrick, in a report as we speak.
New Market Drivers May Push The Bitcoin Value Greater
Kendrick went on to say that Bitcoin has damaged out of its previous 18-month halving cycle given there are actually market drivers, corresponding to spot Bitcoin ETFs (exchange-traded funds) and public firms including BTC to their stability sheets, that weren’t current throughout previous Bitcoin halvings.
“We count on costs to renew their uptrend, supported by continued sturdy ETF and Bitcoin treasury shopping for,” the analyst wrote.
🚀 STANDARD CHARTERED SEES #BITCOIN HITTING $200K THIS YEAR
$135K IN Q3.
$200K BY YEAR-END.
WHAT DO YOU THINK?
IS $200K POSSIBLE FOR $BTC IN 2025?
👇👇👇 pic.twitter.com/CXCsbop4rd
— Kyle Chassé / DD🐸 (@kyle_chasse) July 2, 2025
Nonetheless, Normal Chartered has not utterly dominated out the opportunity of some uneven Bitcoin worth motion in Q3 and This fall.
If historical past have been to repeat and BTC’s 4-year halving cycle play out, it may result in a decline out there chief’s worth round September or October, Kendrick mentioned.
Bitcoin Treasury Corporations Will Purchase Extra BTC In Q3 Than They Did In Q2, Says Normal Chartered
Spot Bitcoin ETFs and BTC treasury firms purchased 245,000 BTC within the second quarter this yr, in keeping with Kendrick. He predicted that this determine can be topped in each Q3 and This fall as new market entrants begin to observe Technique’s leveraged Bitcoin shopping for playbook.
He famous that BTC shopping for from Technique, which is presently the most important company Bitcoin holder, has slowed in current months, however predicted that non-Technique firms will “take up any slack in Q3.”
“Because of this, we count on Bitcoin treasuries as an entire to purchase extra BTC in Q3 than they did in Q2 — a constructive driver of flows,” he mentioned.
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