Standard Chartered Predicts Bitcoin Could Hit $120,000 in Q2 Based on Technical Indicators

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A recent prediction suggests that Bitcoin (BTC), the leading cryptocurrency, could reach all-time highs near $120,000 in the second quarter (Q2) of 2025.

By the end of 2025, it’s possible that Bitcoin could climb to $200,000, representing a 65% increase from the Q2 target and over 110% from its current value, indicating potential growth of about 25% from present figures.

Bitcoin’s Rise Linked to Increasing Term Premium

Analyst Geoff Kendrick points out several vital factors underpinning this bullish outlook for Bitcoin, notably the U.S. Treasury term premium, which has reached a peak not seen in 12 years.

This term premium signifies the extra yield that investors seek for holding long-term Treasury bonds over short-term bonds, reflecting market conditions that may enhance Bitcoin’s appeal as an investment.

Further Insights

Kendrick also emphasizes the actions of significant investors, referred to as “whales.” These large holders of Bitcoin have been consistently increasing their positions, suggesting an upward trend in confidence toward its value.

For example, the Bitcoin proxy firm Strategy (previously MicroStrategy), led by BTC advocate Michael Saylor and currently the largest corporate Bitcoin holder, has recently announced additional weekly acquisitions.

Possible Period of Consolidation?

Another important trend is the influx of investments into Bitcoin exchange-traded funds (ETFs), which Kendrick interprets as a shift away from traditional investments like gold.

This transition reflects a growing perspective among investors who are increasingly viewing Bitcoin as a strong alternative during times of economic uncertainty.

As of Monday morning, Bitcoin was valued at around $95,300, remaining stable throughout the year yet experiencing a 51% increase in comparison to the same period last year.

Further Insights

Kendrick warns that historical trends in Bitcoin’s pricing demonstrate that rapid increases are often followed by prolonged phases of sideways trading. On the other hand, Seeking Alpha analyst Damir Tokic presents a more cautious stance regarding Bitcoin’s potential future movement.

He suggests that Bitcoin could continue to decline alongside the Nasdaq 100 if market selling intensifies and investor sentiment weakens. Nonetheless, he acknowledges Bitcoin’s potential to strengthen its role as a safe-haven asset, particularly if the U.S. dollar continues to lose value.

The 1D chart illustrates BTC’s increase past $95,000 on Monday.

At the time of writing, BTC dipped below the $95,000 threshold to around $94,560, still reflecting a 1.1% gain over the 24-hour period. Meanwhile, Ethereum (ETH) has surpassed Bitcoin’s performance, displaying a nearly 14% increase over the weekly period compared to Bitcoin’s 7.3% rise in the same timeframe.

Other notable altcoins, such as XRP and Solana (SOL), have also shown significant rebounds, achieving gains of 10% and 6% over the week, respectively.

Image provided by DALL-E; chart data from TradingView.com.