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Standard Chartered Bank: Bitcoin is expected to reach a historical high next week and continue to rise to $135,000.
On October 3rd, Decrypt reported that Geoff Kendrick, the global head of digital asset research at Standard Chartered Bank, stated in a new report that Bitcoin could reach a new historical high next week and is expected to continue rising to $135,000. Yesterday, Bitcoin soared above $121,000, continuing the price pattern known as "Uptober" for the fourth quarter. Although Bitcoin seems to be following its tradition, Geoff Kendrick indicated that Bitcoin has broken the previous pattern of "price drop 18 months after Halving." According to past trends, Bitcoin should now be performing weakly after the Halving in April 2024.