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📰 #BITCOIN COULD HIT $125K BY YEAR-END, $200K IN 2025 Bitcoin could extend falls in the near-term, but Standard Chartered still expects to cryptocurrency to rise to $125,000 by the end of the year, analyst Geoff Kendrick says in a note. There’s been a large increase in bitcoin buying from exchange-traded funds and Microstrategy since the U.S. presidential election but the average price of these purchases is $88,700, he says. Kendrick expects bitcoin to fall below the $88,700 level before the current retracement ends. He advises buying bitcoin at levels between $85,000 and $88,700 and forecasts it will rise to $200,000 by end-2025. Bitcoin falls 1.3% to $92,500 after hitting a record high of $99,830 on Friday but stopping short of the $100,000 mark, according to LSEG.

November 26, 2024
Frank

#BITCOIN COULD HIT $125K BY YEAR-END, $200K IN 2025

Bitcoin could extend falls in the near-term, but Standard Chartered still expects to cryptocurrency to rise to $125,000 by the end of the year, analyst Geoff Kendrick says in a note. There’s been a large increase in bitcoin buying from exchange-traded funds and Microstrategy since the U.S. presidential election but the average price of these purchases is $88,700, he says. Kendrick expects bitcoin to fall below the $88,700 level before the current retracement ends. He advises buying bitcoin at levels between $85,000 and $88,700 and forecasts it will rise to $200,000 by end-2025. Bitcoin falls 1.3% to $92,500 after hitting a record high of $99,830 on Friday but stopping short of the $100,000 mark, according to LSEG.