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Standard Chartered: Bitcoin Poised for New High in Days, Reiterates Year-End Price Target of $200,000

BlockBeats News, October 5th, Standard Chartered Bank’s Head of Digital Assets Research, Geoffrey Kendrick, reaffirmed his end-of-year price target for Bitcoin of $200,000. Kendrick stated that new ETF inflows and a possible U.S. government shutdown could further drive cryptocurrency prices up in the coming weeks.

In a report to clients, Kendrick mentioned that Bitcoin is poised to break its all-time high in a matter of days and could potentially reach $135,000 in the coming weeks, slightly later than his previous prediction. (Cyptoslate)

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