Bitcoin Might Hit $200K By Yr-Finish: Normal Chartered

Normal Chartered predicts that crypto market chief Bitcoin (BTC) will soar to $135K by the top of Q3 2025, and go on to hit $200K by the top of the yr after breaking out of its halving cycle.

“Because of elevated investor flows, we imagine 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 right now.

New Market Drivers Might Push The Bitcoin Worth Larger

Kendrick went on to say that Bitcoin has damaged out of its previous 18-month halving cycle given there are actually market drivers, equivalent to spot Bitcoin ETFs (exchange-traded funds) and public firms including BTC to their stability sheets, that weren’t current throughout previous Bitcoin halvings.

“We anticipate 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

Nonetheless, Normal Chartered has not fully dominated out the potential of some uneven Bitcoin value motion in Q3 and This autumn. 

If historical past had been to repeat and BTC’s 4-year halving cycle play out, it may result in a decline out there chief’s value round September or October, Kendrick mentioned.

Bitcoin Treasury Firms Will Purchase Extra BTC In Q3 Than They Did In Q2, Says Normal Chartered

Spot Bitcoin ETFs and BTC treasury firms purchased 245,000 BTC within the second quarter this yr, in keeping with Kendrick. He predicted that this determine can be topped in each Q3 and This autumn as new market entrants begin to observe 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 firms will “take up any slack in Q3.” 

“In consequence, we anticipate Bitcoin treasuries as a complete to purchase extra BTC in Q3 than they did in Q2 — a optimistic driver of flows,” he mentioned.

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