$BTC

The leading cryptocurrency Bitcoin rose after the US resumed customs tariff talks with China and reached an agreement with the UK.

As Bitcoin approaches the $100,000 mark, bullish expectations for BTC have also increased. While many analysts expect BTC to reach a new ATH in the near future, Standard Chartered said that the $120,000 Bitcoin target may be too low.

Speaking to CNBC, Standard Chartered analyst Geoffrey Kendrick argued that the previous prediction that Bitcoin would reach $120,000 in Q2 may now be too low.

At this point, Kendrick said in a statement today that the $120,000 Bitcoin price prediction is currently “very achievable” and that this estimate may be too low a target.