Bitcoin may be on its way to a $130,000 valuation by this March, according to analysts from Standard Chartered Bank. According to the bank’s analysts, institutional inflows accelerate and market sentiment shifts could trigger a breakout for the leading cryptocurrency.
Standard Chartered analyst Geoffrey Kendrick paints a bullish picture for BTC in the coming weeks. The Standard Chartered head of digital assets research sees bitcoin gaining further momentum down the road a recent leveraged position reset and ongoing developments such as Trump’s crypto-related executive order. Looking ahead, Kendrick cites the Fed’s decision to leave interest rates unchanged as a positive sign for BTC. While macroeconomic risks still remain, Kendrick noted that the Fed’s stance reduces immediate uncertainty.
The Standard Chartered analyst expects bitcoin to test the previous cycle’s all-time high of $109,000 in the coming weeks. “Above that I expect bitcoin to increase to a $112,000 to $130,000 range for February and March,” he said. Additionally, Kendrick points to the Securities and Exchange Commission’s (SEC) decision to rescind cryptocurrency accounting guidance SAB 121 as a major factor in driving institutional flows into bitcoin. The policy reversal allows more traditional financial institutions to custody digital assets, removing a key regulatory barrier. “Institutional flows into bitcoin will continue to gather pace as a result,” Kendrick said.
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Other Price Predictions for Bitcoin (BTC)
The world’s largest cryptocurrency had a rocky start to the final week of January 2025. Bitcoin (BTC) slipped below the $100,000 mark causing chaos in the market. Fortunately, the king coin recovered in no time and is back above the coveted $100,000 mark. While the asset’s latest bounce back was lauded by the community, BTC is expected to continue its current momentum and record a new high in February 2025.
According to CoinCodex, the king coin is all set to witness much bigger growth beyond its current peak. The firm revealed that in the month of February, the maximum price that BTC will trade at is $132,451. This marks a 28.87% rise from its current price level. The average price that Bitcoin will trade at throughout the month is $117,045. Finally, the lowest that the asset will be priced at is $103,813