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Bitcoin’s price trajectory has taken a drastic shift away from its traditional halving-cycle patterns, with the global bank, Standard Chartered, now projecting it to reach an unprecedented all-time high of $135,000 by September 2025. The forecast comes as a result of surging institutional activity and inflows into exchange-traded funds (ETFs), which are seen as a major factor driving this shift.
According to an analysis published by Standard Chartered’s head of digital asset research, Geoff Kendrick, Bitcoin has moved beyond the patterns tied to previous halving cycles. In his report dated July 1, Kendrick highlighted strong ETF inflows and increased corporate treasury purchases as primary drivers behind this transformation.
The bank’s revised forecast takes into account the significant institutional demand it has seen in recent months. Over the past quarter, a staggering 245,000 BTC was acquired by ETFs and corporate treasuries, leading Kendrick to believe that the market now boasts stronger foundational support compared to previous cycles.
As a consequence, Standard Chartered does not rule out short-term fluctuations but expects the digital currency to reach $200,000 by year-end. The bank’s long-term prediction suggests it will surpass $500,000 by 2028.
In contrast to earlier patterns where prices fell 18 months post-halving event, Bitcoin’s current behavior defies expectations. Kendrick attributes this divergence to a lack of ETF inflows and corporate purchases in past cycles.
The global financial institution expects some volatility around late Q3 and early Q4 due to a potential correction phase similar to those seen after previous halving periods.
Meanwhile, market observers are keenly monitoring $106,500 as a crucial pivot level. Bitcoin analyst AlphaBTC emphasizes that a break above this point could set the stage for an even more significant advance.
The author’s note:
Source: www.crypto-news-flash.com
