Standard Chartered made an optimistic long-term forecast for Bitcoin. The bank predicts that the price of digital gold could reach $500,000 by 2028, due to increased access for investors to the asset through exchange-traded funds (ETFs) and reduced market volatility. Jeffrey Kendrick, head of global research for digital assets at Standard Chartered, suggested that with the maturity of the ETF market, institutional inflows will increase, strengthening Bitcoin's role as a hedge against traditional financial issues.

In the short term, the current price movement of Bitcoin may represent a classic "breakout and retest" model. This technical analysis suggests that after surpassing a significant resistance level (around $73,757), assets often retest this level to confirm its support before starting substantial growth again. Such patterns were observed, particularly in mid-2020 and 2023, leading to new all-time highs for BTC after the retest.