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 accordance with a brand new forecast from Customary Chartered.
In a analysis observe revealed on April 28, the financial institution’s head of digital property analysis, Geoffrey Kendrick, mentioned a number of elements are culminating in a bullish surroundings for Bitcoin.
Kendrick mentioned:
“I feel we’re constructing into a kind of topside strikes proper now, for a number of causes.”
In response to Kendrick, these embody strategic asset reallocations, US buyers divesting from home property, Bitcoin whale accumulation, and flows shifting out of gold ETFs into Bitcoin ETFs.
He famous that “historic value motion (quick topside bursts adopted by months of sideways value motion) suggests it’s important” to anticipate such strikes.
Strategic reallocation
In response to the report, a strategic transfer away from US property 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 pattern that might favor Bitcoin.
Time-of-day buying and selling patterns additionally recommend that “US buyers themselves are divesting out of US property,” 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 at present 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 recent all-time excessive” within the second quarter.
Path to $200,000 in sight
Wanting 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 hard,” the symptoms now lining up recommend an imminent transfer larger.
A chart included within the analysis observe illustrated the sturdy 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 observe with a suggestion 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.
