The largest cryptocurrency in the world is poised for a strong weekly performance after surpassing the desired level of $100,000 on Thursday. The cryptocurrency has also been on track to achieve gains for the third consecutive week, continuing its rise since late April.

The bank's forecasts had indicated it would record $120,000 in the second quarter of 2025 and reach $200,000 by the end of the current year.

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Kendrick describes the forecast of $120,000 as extremely low, pointing out that the price seems easy to achieve now.

Are we witnessing the first cycle of Bitcoin that could extend longer than usual?

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