Standard Chartered Revises Bitcoin Price Prediction After Market Shift

Bitcoin’s surge after the US and China reached a customs tariff agreement has fueled bullish expectations for the cryptocurrency. Standard Chartered analyst Geoffrey Kendrick recently lowered his previously predicted $120,000 BTC price target, stating it may now be too low based on current market dynamics. πŸ‡¨πŸ‡³πŸ‡ΊπŸ‡Έ Kendrick explains that Bitcoin is transitioning from a correlation with risk assets to a strategic asset as institutional investors increasingly drive the upward trend. This shift is fueled by increased inflows into US Spot Bitcoin ETFs, according to Kendrick.