World financial institution Commonplace Chartered is bullish on Bitcoin for the remainder of the 12 months, citing growing company treasury shopping for and powerful exchange-traded fund (ETF) inflows.
Commonplace Chartered expects Bitcoin (BTC) to print new highs of $135,000 by the tip of the third quarter after which break $200,000 by the tip of the 12 months, the financial institution’s digital asset analysis head, Geoff Kendrick, mentioned in a Wednesday report shared with Cointelegraph.
“Due to elevated investor flows, we consider BTC has moved past the earlier dynamic whereby costs fell 18 months after a ‘halving’ cycle,” Kendrick mentioned, including that the common halving trend would have led to cost declines in September or October 2025.
The most recent report reinforces Commonplace Chartered’s bullishness on Bitcoin, with the bank expecting it to hit $500,000 a coin by 2028.
Bitcoin halving cycle is lifeless
In his new evaluation, Commonplace Chartered’s Kendrick targeted on the potential impacts of the Bitcoin halving cycle, a value sample related to BTC halving events, which happen about each 4 years.
Slicing the Bitcoin mining reward by 50% every halving, BTC halving occasions have been traditionally linked to each subsequent spikes within the value and additional corrections.
Whereas the 2 earlier halving cycles in 2016 and 2020 led to Bitcoin costs falling in about 18 months after the halving, the affect of the newest Bitcoin halving in April 2024 will probably be completely different resulting from new drivers like sturdy ETF and corporate buying, Kendrick instructed.
Associated: Crypto ETP inflows in H1 2025 down 2.7% from last year’s $18.3B
“We anticipate costs to renew their uptrend, supported by continued sturdy ETF and Bitcoin treasury shopping for,” Kendrick wrote within the replace, emphasizing that each of those drivers had been absent within the earlier halving cycles.
On the similar time, Commonplace Chartered nonetheless doesn’t rule out that the value may very well be considerably uneven in late Q3 and early This autumn amid considerations in regards to the correction sample from the earlier halvings.
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