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Standard Chartered: Bitcoin is expected to reach $135,000 in the third quarter, with a year-end target of $200,000.
Gate News bot message, according to a report by Cointelegraph, Standard Chartered's latest research report shows that Bitcoin's price is expected to break historical highs of $135,000 in the third quarter, driven by ETF fund inflows and corporate purchasing demand. The bank predicts that Bitcoin's price will reach $200,000 by the end of 2024.
Standard Chartered Bank pointed out that the current market no longer follows the historical pattern of Bitcoin price corrections 18 months after the halving. However, the bank reminds that there will be short-term fluctuations in Bitcoin prices from the end of the third quarter to the beginning of the fourth quarter.