Standard Chartered Bank: Bitcoin May Hit an All-Time High Next Week and Could Rise to $135,000

Odaily Planet Daily reports that Geoff Kendrick, Head of Global Digital Asset Research at Standard Chartered Bank, stated in the latest report that Bitcoin might reach a new all-time high next week and has the potential to further rise to $135,000. Yesterday, Bitcoin surpassed $121,000, continuing the fourth quarter's 'Uptober' trend. Kendrick pointed out that Bitcoin's price movement has broken the old pattern of 'price decline 18 months after halving.' It was expected to enter a weak period after the halving in April 2024, but its actual performance has been much stronger. (Decrypt)