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Standard Chartered Throws Shade: Bitcoin’s $120K Q2 Target Might Be Sandbagging

Standard Chartered Throws Shade: Bitcoin’s $120K Q2 Target Might Be Sandbagging

CoindeskEN
Author:
CoindeskEN
Release Time:
2025-05-08 16:14:45
0

Bitcoin $120K Target for 2Q May Be Too Conservative: Standard Chartered

Wall Street’s latest crypto whisper? Bitcoin’s heading for a blow-off top—and even the bulls might be lowballing it. Standard Chartered just dropped a grenade in trader chats, suggesting their own $120K Q2 price target could be ’too conservative.’

Translation for the suits: The bank’s analysts see institutional FOMO outpacing even their rosy models. Cue the chorus of ’I told you so’ from crypto Twitter.

Funny how these projections always get revised upward after the asset pumps 50%—almost like banks want credit for calling the obvious. Meanwhile, retail’s still waiting for that ’approved investor’ stamp.

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