Bitcoin may be poised for renewed upside, according to a Standard Chartered note cited by COINOTAG and Decrypt. Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered, projects the digital asset could test a new all-time high imminently and models a trajectory toward $135,000, based on the bank’s risk-adjusted scenarios.
Market reports indicate a recent uptick — COINOTAG noted a move above $121,000 — consistent with the seasonal fourth-quarter rhythm dubbed “Uptober”. Kendrick highlights that current price dynamics have departed from the historically observed 18-month price decline post-halving, altering the conventional post-halving outlook.
Standard Chartered’s outlook relies on historical patterns and quantitative modeling rather than certainty; investors should weigh volatility, liquidity conditions and prevailing macroeconomic drivers when assessing Bitcoin exposure and risk management.