Standard Chartered Research Chief: Bitcoin is expected to hit a new all-time high over the weekend

ChainCatcher news, according to The Block, Standard Chartered's head of foreign exchange research and digital asset research, Geoff Kendrick, stated that Bitcoin is expected to reach a historic high over the weekend, hitting the level of $73,798 on March 14.

Kendrick added that the optimism surrounding the potential approval of a spot Ethereum ETF this week has made him more confident in his price target for Bitcoin, predicting that the price of Bitcoin will reach $150,000 by the end of 2024 and $200,000 by the end of 2025. The situation has become more constructive in recent days, with inflows into spot Bitcoin ETFs increasing, bringing the total to a historic high of $12.9 billion.