With the leading Cryptocurrency that looks at a return to the $ 100,000 level, a standard chartered analyst has an apologize for his Bitcoin target of $ 120K, because he says the value “may be too low.” In fact, the bank’s manager of digital assets, Geoffrey Kendrick, had calculated the asset to reach a new All-Time High as early as Q2.
Now, Kendrick has noted that expectations can actually suppress what the token can do. On Thursday, he noted that the milestone of $ 120,000 seemed to be “very achievable.” Still, in the midst of the latest performance, it may be set to exceed that target price.
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Standard Chartered Calls Earlier $ 120,000 Bitcoin targets ‘too low’ in the middle of recent power
It has been an impressive 30-day route for Bitcoin. During that time, the leading crypton has increased with More than 23%, Jumps to the level of $ 99,000. Then all eyes are on when the supply can again break through the six -digit brand. There are many who expect such an increase to be imminent.
Its latest performance can be a shock for even the most optimistic analysts. Among them is Default charteredwho recently apologizes for its Bitcoin goal of $ 120,000 and said the projection “may be too low.” In fact, the latest performance has Geoffrey Kendrick second guess of his forecast for BTC to meet a new highest time this quarter.
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“We expect these supportive factors to drive BTC to a new maximum period of $ 120,000 during the second quarter,” he said in a note. “We see that profits continue during the summer and take BTC-USD against a forecast for the turn of the year 200,000.” Now all eyes are on what its ramp-up in performance means for its 2025 deserted. Can Bitcoin eventually exceed even the high projection for its annual high?