TechFlow news, according to The Block, Geoff Kendrick, Head of Foreign Exchange Research and Digital Asset Research at Standard Chartered, said in an email sent to The Block: "I expect Bitcoin to reach a new all-time high by the weekend, hitting $73,798—the level seen on March 14."
Kendrick added that renewed optimism surrounding a potential approval of a spot Ethereum ETF this week has strengthened his confidence in his Bitcoin price targets of $150,000 by the end of 2024 and $200,000 by the end of 2025. He also noted increasingly positive market conditions in recent days, with rising inflows into spot Bitcoin ETFs reaching a record high of $12.9 billion in total.
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