$BTC

The largest cryptocurrency in the world is set for a strong weekly performance after surpassing the desired threshold of 100,000 dollars on Thursday. The cryptocurrency was also on track to make gains for the third consecutive week, continuing its rise since the end of April.

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

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Kendrick describes the 120,000 dollar forecast as being very low, emphasizing that the price now seems easy to reach.

Are we witnessing a first Bitcoin cycle that could last longer than usual