The post Standard Chartered Forecasts $120K Target by Q2 2025 appeared on BitcoinEthereumNews.com.

TLDR Bitcoin trading around $94,359, reaching as high as $95,436 Standard Chartered forecasts Bitcoin could hit $120K by Q2 2025 US spot Bitcoin ETFs saw $591 million in net inflows, extending to 7 consecutive days Strategy (formerly MicroStrategy) purchased 15,355 Bitcoin for $1.42 billion US Commerce Secretary Lutnick signals more crypto-friendly regulations under Trump administration Bitcoin is trading steadily near the $95,000 mark as the cryptocurrency continues to gain momentum in the market. The world’s largest digital currency is showing resilience after a week of positive movement, supported by several key factors that are driving investor confidence. At the time of writing, Bitcoin is trading at $94,359 after briefly rising above $95,000 earlier on Monday. This price action comes as global bank Standard Chartered has released a forecast predicting that Bitcoin could reach around $120,000 by the second quarter of this year. The cryptocurrency has been maintaining key support between $93,220 and $94,244, which analysts view as an important technical indicator. If Bitcoin breaks through the resistance level of $95,450, experts suggest it could push toward new highs. Bitcoin Price on CoinGecko Several factors are contributing to Bitcoin’s current stability and potential for growth. The upcoming U.S. Federal Reserve meeting in May and ongoing inflation concerns are being closely watched by market participants. ETF Inflows Boost Market Confidence A major driver behind Bitcoin’s price stability has been the consistent inflow of funds into US spot Bitcoin ETFs. These investment vehicles recorded $591.3 million in net inflows on Monday, marking their seventh consecutive day of positive flows. BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, was the standout performer, drawing in $970.9 million in net inflows. Other ETFs like Ark and 21Shares’ ARKB, Fidelity’s FBTC, Grayscale’s GBTC, Bitwise’s BITB and VanEck’s HODL saw outflows. The total trading volume across…

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Filed under: News - @ April 29, 2025 8:27 am