Standard Chartered forecasting Bitcoin could reach $200,000 by the end of 2025

Standard Chartered on BTC, maintains a bullish long-term outlook, forecasting Bitcoin could reach $200,000 by the end of 2025.

• Bitcoin's price movements are driven by broader market risks rather than factors specific to the cryptocurrency.
• On a volatility-adjusted basis, Bitcoin has performed similarly to major assets like Tesla, Meta, and Apple.
• A recovery in Bitcoin’s price may depend on a broader rebound in risk assets or positive developments, such as sovereign Bitcoin purchases.
• Clarity on tariffs or swift Federal Reserve rate cuts could act as catalysts for a Bitcoin rebound.
• Estimates suggest a 75% probability of a Federal Reserve rate cut by May.

Caveat:

• The Fed’s decision next week is expected to keep rates unchanged but may impact risk assets, potentially pushing Bitcoin toward $70,000, with Ethereum and Solana following the trend.
• If Bitcoin falls below $76,500, it could test key support around $69,000.

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