Bitcoin Price Prediction after Pullback
Bitcoin is expected to set a new record high soon and to climb much higher by the end of the year, according to a new prediction report.
Quick overview
- Bitcoin (BTC) has experienced a slight decline of 2.75% to $108,509 but remains positioned for a potential new all-time high this week.
- The cryptocurrency has not fallen below key psychological levels of $105K or $100K, indicating a strong potential for recovery.
- Standard Chartered predicts Bitcoin could reach $200,000 by the end of 2025, with expectations of further increases to $300,000 in 2026 and $500,000 by 2028-2029.
- The anticipated regulatory framework for stablecoins may enhance the trading environment for cryptocurrencies, potentially boosting Bitcoin's value.
Live BTC/USD Chart
After climbing to an all-time high, Bitcoin (BTC) has slipped 2.75% to $108,509 (BTC/USD). The coin is still high, however, and could easily set a new record high as soon as this week.
Even though Bitcoin has retreated slightly, it did not fall as low as the psychologically significant levels of $105K or $100K, which means it is poised for a comeback. The current price of around $108.5K is a great launching position for a new all—time high, which could happen as soon as this week.
BTC/USDThis is especially likely since the stock market is climbing in response to newly proposed tariffs being put on hold until the 9th of July. Bitcoin’s recent all-time high was above $111K, and we expect a higher price for the coin than that very soon. If Bitcoin were to stay below its new high for very long, then the coin would have had to fall much lower than its current price.
Now, if Bitcoin continues to decline, then it will be in trouble. However, we do not anticipate a decline but a surge, thanks to the current stock market movement. With the Nasdaq and S&P 500 indices up more than 2%, Bitcoin should be able to ride that economic upswing to a new high.
Standard Chartered Predicts Bitcoin’s Price
British bank Standard Chartered has just published a report that predicts where Bitcoin’s price is headed by the end of the year as well as all the way through 2029. Their report also includes predictions for Ethereum (ETH) and Solana (SOL).
What stands out about their report is that they predict Bitcoin to go much higher by the end of 2025 than most of the more conservative price predictions. They estimate that in December the coin will reach a price point of $200,000 or higher.
Over the next few years, they anticipate massive gains for Bitcoin, expecting it to rise to $300,000 in 2026 and to max out around $500K in 2028-2029. These predictions are based on Bitcoin’s current value and price factors as well as what they expect the economy to do in the coming years.
With a new legislative framework being pushed forward by the U.S. government for stablecoins, it may only be a matter of time before all cryptocurrency is better regulated and more easily traded and better protected. If that happens, then the governments of Russia and China could set up Bitcoin reserves and help push the price of the digital token much higher.
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