Bitcoin (BTC) could potentially surge to new all-time highs (ATH) this quarter, driven by massive investments and a bullish market sentiment. With a 2.7% increase to $99,379, nearing $100,000 with a three-month peak at $99,874, the leading cryptocurrency appears poised for further growth.
Geoff Kendrick, Head of Digital Asset Research at Standard Chartered, recently reiterated bullish forecasts, predicting that Bitcoin could reach $120,000 by the second quarter of this year. This outlook is fueled by several key factors, including the ongoing influx of institutional capital.
Several elements support this thesis of a new ATH in the short term:
The recent breakthrough of the $100,000 psychological level fuels an extremely positive market sentiment. Analysts agree that if Bitcoin manages to consolidate above this level, the path to a new ATH would be wide open.
The current momentum, driven by strong fundamentals and increasing institutional interest, suggests that this scenario is becoming more plausible for the current quarter. While forecasts remain projections and the cryptocurrency market is subject to inherent volatility, the convergence of these positive signals outlines a promising outlook for BTC in the months ahead.
Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
