Geoff Kendrick, a Standard Chartered analyst, has revised his Bitcoin price prediction, previously set at $100,000 by year-end. Kendrick now believes that the cryptocurrency could surge toward its all-time high of $126,000 after October 6. This revised forecast comes as spot Bitcoin ETF inflows begin to recover.
Source
"Standard Chartered Revises $100K Bitcoin Forecast" — Cointelegraph
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
The analyst's change in stance is a response to the improving market conditions, which have seen a recent uptick in spot Bitcoin ETF inflows. This trend suggests that institutional investors are increasingly interested in the cryptocurrency, potentially driving up its price.
BTC · 7D · $77,337+22.6%