Bitcoin (BTC) may surge to a brand new all-time excessive of $120,000 within the second quarter of 2025, pushed by strategic asset reallocations and shifting funding flows, in keeping with a brand new forecast from Customary Chartered.
In a analysis notice printed on April 28, the financial institution’s head of digital belongings analysis, Geoffrey Kendrick, mentioned a number of elements are culminating in a bullish setting for Bitcoin.
Kendrick mentioned:
“I believe we’re constructing into a type of topside strikes proper now, for a number of causes.”
In line with Kendrick, these embrace strategic asset reallocations, US buyers divesting from home belongings, Bitcoin whale accumulation, and flows shifting out of gold ETFs into Bitcoin ETFs.
He famous that “historic value motion (brief topside bursts adopted by months of sideways value motion) suggests it’s critical” to anticipate such strikes.
Strategic reallocation
In line with the report, a strategic transfer away from US belongings is a serious catalyst for Bitcoin’s anticipated upswing.
Kendrick highlighted that the rising US Treasury time period premium, a metric carefully correlated with Bitcoin value actions, is signaling a reallocation development that would favor Bitcoin.
Time-of-day buying and selling patterns additionally recommend that “US buyers themselves are divesting out of US belongings,” whereas on-chain knowledge signifies that Bitcoin whales have been steadily accumulating throughout latest months.
Kendrick mentioned that flows out of conventional gold ETFs and into Bitcoin ETFs have additionally began, including additional momentum to the outlook.
Bitcoin is presently buying and selling round $94,000, roughly seven occasions larger than its cycle low from November 2022. Customary Chartered expects these supportive elements to push Bitcoin to “a contemporary all-time excessive” within the second quarter.
Path to $200,000 in sight
Trying additional forward, Kendrick reaffirmed the lender’s end-2025 value goal, stating:
“Then onto my $200k end-year forecast.”
The report emphasised that whereas “timing the upswing is difficult,” the indications now lining up recommend an imminent transfer larger.
A chart included within the analysis notice illustrated the robust historic correlation between Bitcoin’s value and the US Treasury time period premium, reinforcing the argument that macroeconomic shifts may speed up Bitcoin’s development.
Kendrick concluded the notice with a advice to place for an imminent upside transfer in Bitcoin.
Customary Chartered’s bullish stance comes as Bitcoin continues to draw institutional inflows and broader acceptance as a strategic asset amid world monetary market uncertainty.
