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Normal Chartered predicts that crypto market chief Bitcoin (BTC) will soar to $135K by the tip of Q3 2025, and go on to hit $200K by the tip of the 12 months after breaking out of its halving cycle.
“Due to elevated investor flows, we consider BTC has moved past the earlier dynamic whereby costs fell 18 months after a ‘halving’ cycle,” wrote Normal Chartered’s head of digital asset analysis, Geoff Kendrick, in a report immediately.
New Market Drivers May Push The Bitcoin Worth Increased
Kendrick went on to say that Bitcoin has damaged out of its previous 18-month halving cycle given there are actually market drivers, comparable to spot Bitcoin ETFs (exchange-traded funds) and public corporations including BTC to their stability sheets, that weren’t current throughout previous Bitcoin halvings.
“We count on costs to renew their uptrend, supported by continued sturdy ETF and Bitcoin treasury shopping for,” the analyst wrote.
🚀 STANDARD CHARTERED SEES #BITCOIN HITTING $200K THIS YEAR
$135K IN Q3.
$200K BY YEAR-END.
WHAT DO YOU THINK?
IS $200K POSSIBLE FOR $BTC IN 2025?
👇👇👇 pic.twitter.com/CXCsbop4rd
— Kyle Chassé / DD🐸 (@kyle_chasse) July 2, 2025
Nevertheless, Normal Chartered has not fully dominated out the potential of some uneven Bitcoin value motion in Q3 and This fall.
If historical past have been to repeat and BTC’s 4-year halving cycle play out, it might result in a decline available in the market chief’s value round September or October, Kendrick stated.
Bitcoin Treasury Firms Will Purchase Extra BTC In Q3 Than They Did In Q2, Says Normal Chartered
Spot Bitcoin ETFs and BTC treasury corporations purchased 245,000 BTC within the second quarter this 12 months, in keeping with Kendrick. He predicted that this determine will likely be topped in each Q3 and This fall as new market entrants begin to comply with Technique’s leveraged Bitcoin shopping for playbook.
He famous that BTC shopping for from Technique, which is at the moment the most important company Bitcoin holder, has slowed in current months, however predicted that non-Technique corporations will “take up any slack in Q3.”
“In consequence, we count on Bitcoin treasuries as a complete to purchase extra BTC in Q3 than they did in Q2 — a optimistic driver of flows,” he stated.
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