Standard Chartered: Bitcoin is Expected to Set a New All-Time High Next Week and Continue Rising to $135,000

ChainThink message, October 3rd, according to Decrypt, Geoff Kendrick, Head of Global Digital Assets Research at Standard Chartered, stated in a new report that Bitcoin may set a new all-time high next week and is expected to continue rising to 135,000 USD.

Yesterday, Bitcoin surged above 121,000 USD, continuing the fourth-quarter price pattern known as "Uptober." Although Bitcoin seems to be following its tradition, Geoff Kendrick said that Bitcoin has broken the previous pattern of price decline for 18 months after a halving. According to past patterns, Bitcoin should have been weak now, following the halving in April 2024.