Bitcoin Predicted to Reach record-breaking Performance in the Second Half of 2022: Standard Chartered
In the dynamic world of cryptocurrencies, Bitcoin, the leading digital asset, is showing a robust performance in the second half of 2025. As of now, Bitcoin is trading at approximately $109,459, marking a significant rise from its previous levels.
Geoff Kendrick, a Standard Chartered analyst, predicts that Bitcoin could print new all-time highs in the coming months. Kendrick expects the digital currency to surpass its previous high of $111,814, set in May, and potentially reach a peak of around $120,000.
Technical indicators are supporting this bullish view. The Relative Strength Index (RSI) is trending upwards at 59, indicating growing bullish momentum. The Moving Average Convergence Divergence (MACD) also shows a bullish crossover with increasing strength.
Institutional demand and inflows into Bitcoin Exchange-Traded Funds (ETFs) are another driving force behind this trend. Bitcoin ETFs have seen steady net inflows, with 15 consecutive days of inflows recorded recently, reflecting strong institutional and corporate demand.
Historically, the July–September quarter has been weaker for Bitcoin, averaging about 6% return. However, in post-halving years like 2017 and 2021, Q3 has shown stronger performance, with gains of 80% and 25% respectively. This historical pattern suggests a potential for a bullish breakout this quarter, particularly supported by seasonality and sustained institutional interest.
Macroeconomic conditions also contribute to this bullish backdrop. A rising global M2 money supply, now at a record $55.4 trillion, adds to the favourable conditions for Bitcoin and other cryptocurrencies. Bitcoin prices have historically correlated with global liquidity trends, and expectations for potential Federal Reserve interest rate cuts could further boost liquidity, benefiting Bitcoin and altcoins.
The growth of Bitcoin treasury companies has been notable in recent months, with a growing list of 141 publicly traded companies now holding 849,400 Bitcoin, worth over $92 billion. BlackRock's iShares Bitcoin Trust (IBIT) manages more than $70 billion in assets.
Despite President Donald Trump's harsh criticisms of U.S. central bank Chair Jerome Powell, crypto markets have disregarded these concerns, continuing to show strong growth. Crypto markets have also largely ignored concerns about the U.S.'s ongoing global trade war.
In a remarkable shift, Strategy, a Nasdaq-traded company, pivoted from its software development focus in 2020 to a Bitcoin treasury strategy. Strategy now possesses more than 597,000 Bitcoin worth about $65 billion. Standard Chartered forecasts that this company could acquire even more Bitcoin in the current quarter, surpassing Q2's 245,000 BTC.
Kendrick cautions that prices could be choppy in late Q3 and early Q4, but expects them to resume their uptrend. He suggests that Bitcoin's usual pattern of falling prices for 18 months following a halving event may not occur due to strong institutional interest and treasury buying.
In conclusion, the current trend and expectations for Bitcoin in the second half of 2025 are bullish, driven by strong institutional demand, inflows into Bitcoin ETFs, favourable technical indicators, and macroeconomic conditions supportive of liquidity expansion. Bitcoin is poised to test and potentially surpass the $110,000 resistance, with targets ranging from $120,000 up to $150,000 and beyond if momentum holds and liquidity conditions continue to improve.
- Geoff Kendrick, an analyst from Standard Chartered, foresees Bitcoin surpassing its previous high of $111,814, potentially reaching $120,000 in the coming months, as per his predictions.
- Bitcoin ETFs have been experiencing steady net inflows, with a recent streak of 15 consecutive days of inflows, signifying strong institutional and corporate demand.
- The Growth of Bitcoin treasury companies has been substantial, with more than 141 publicly traded companies now holding over 849,400 Bitcoin, worth approximately $92 billion.
- In the market of cryptocurrencies, Bitcoin's performance in the second half of 2025 has been robust, with technical indicators favoring a bullish view, such as the Relative Strength Index (RSI) trending upwards at 59 and the Moving Average Convergence Divergence (MACD) showing a bullish crossover with increasing strength.
