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Standard Chartered: Bitcoin is expected to reach new highs within a few days, reiterating the year-end target price of $200,000.
On October 5, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, reiterated his target of $200,000 for Bitcoin's price by the end of the year. Kendrick stated that new ETF inflows and the potential government shutdown in the U.S. could drive Crypto Assets prices further up in the coming weeks. In a report to clients, Kendrick noted that Bitcoin is expected to break its all-time high in a matter of days and could reach $135,000 in the coming weeks, slightly later than his previous forecast. (Cyptoslate)