Standard Chartered Upgrades Bitcoin Price Forecast to $120K+, Sees $200,000 by Year-End

Standard Chartered has significantly revised its Q2 Bitcoin price prediction, now forecasting a target of $120,000. This shift comes after recent positive developments in the cryptocurrency market, according to analyst Kendrick. He believes this new forecast is within reach as macroeconomic and market conditions continue to favor Bitcoin. These factors include shifting capital away from traditional assets, sustained whale accumulation, increased institutional investments, improved regulatory clarity, particularly in key jurisdictions, which are all contributing to a strong upward trajectory for the cryptocurrency.