Bitcoin price breaks through $95,000, Standard Chartered: Q2 to exceed $120,000, $200,000 by year-end

On Monday, the price of Bitcoin reached a high of $95,548, before stabilizing around $95,055. This also means that the price of Bitcoin has increased by 7.38% over the past week. This growth has brought Bitcoin's market capitalization to approximately $1.8 trillion, rekindling optimism among investors. It is worth mentioning that the trading volume in the past 24 hours approached $19.5 billion, indicating that buyers remain active in the market.

The current positive sentiment is largely attributed to increased institutional participation and strong technical indicators. One of the biggest developments is that Strategy has announced a new purchase of $1.4 billion worth of Bitcoin — after acquiring an additional 15,355 Bitcoins, the company’s total Bitcoin holdings have reached 553,555. This single acquisition is currently valued at over $5.2 billion.

Meanwhile, Standard Chartered released a research report predicting that by the end of Q2 2025, the price of Bitcoin could reach $120,000, and it might even hit $200,000 by the end of the year.

According to Jeffrey Kendrick, head of digital asset research at Standard Chartered, various macroeconomic factors are prompting investors to turn to Bitcoin. He noted that concerns over U.S. Treasury yields are intensifying, with current U.S. Treasury yields at their highest level in 12 years, indicating that investors are becoming cautious about U.S. debt. With this shift, Bitcoin has become a more attractive option for those looking to move funds away from U.S. assets.

Technical indicators also suggest that Bitcoin may be preparing to break upwards again. Recently, the price of Bitcoin broke its 200-day moving average, while the relative strength index remained above 50, indicating that investor confidence is strengthening. Analysts such as Alakar Saxena from Mudrex and Piyush Walk from Delta Exchange pointed out that the market is looking for a trigger, such as positive economic data or easing inflation pressure, to help push Bitcoin above the $100,000 mark. The resistance level remains around $96,000, and if this level is broken, Bitcoin could rise further.#币圈