Standard Chartered Predicts Bitcoin to Reach New ATH
Standard Chartered has made a bold call on Bitcoin. The global bank believes the world’s largest cryptocurrency will hit a new all time high within the next week. With Bitcoin already trading above $120,000, momentum and sentiment appear to back the claim.
Bank Signals Confidence in Bitcoin
The announcement from Standard Chartered reflects growing confidence among major institutions. The bank manages $850 billion in assets. It has been steadily building its presence in the digital asset space. By forecasting a new record price, Standard Chartered is signaling to markets that institutional support for Bitcoin remains strong. Analysts suggest the call could further boost investor sentiment. Especially at the start of “ Uptober ,” a month historically known for Bitcoin rallies. The bank’s statement adds to a wave of optimism across the sector. Many traders now believe that Bitcoin’s next leg higher is imminent.
Price Action Leading Into October
Acroding to the 7-day chart, between September 27 and October 3, Bitcoin showed a decisive shift in momentum. After weeks of weakness, the crypto staged a powerful rally that caught the market’s attention. From September 27 to 28, Bitcoin consolidated around $108,000 to $109,000. Volume was muted, suggesting sellers had exhausted their pressure. This marked the end of a correction phase, commonly referred to as “Red September” in crypto circles.
Chart – Bitcoin 7-day chart (USD) on Oct 3, 2025, by Coingecko
The real action began on September 29. Bitcoin broke out of its narrow trading range, climbing past $110,000 and then $112,500. Trading volume picked up as buyers returned with conviction. By October 1, momentum accelerated. Prices surged from $114,000 to nearly $121,500 by October 3. High trading volume confirmed the strength of the rally. The sharp rise fits with the seasonal trend that often sees Bitcoin strengthen in early Q4.
Uptober Effect and Market Sentiment
The start of October has historically been kind to Bitcoin. Traders expect higher prices as new money often enters the market during this period. The current rally aligns closely with that pattern. Beyond seasonal trends, institutional flows are playing a critical role. Bitcoin ETFs have continued to attract fresh capital. While corporate treasuries and investment funds show renewed interest. Together, these factors create the conditions for another push higher. Sentiment has clearly shifted. Just one week ago, traders were cautious after September’s correction. Now, optimism dominates social channels, and market analysts are revising their targets upward.
What Comes Next
At the time of writing, Bitcoin trades at $120,509, up 1.5% in the past 24 hours. Standard Chartered forecast suggests that a break to new highs above the previous peak is possible within days. If the prediction proves correct, Bitcoin will not only set a new all time high. But also confirm its reputation as a resilient asset that recovers strongly after market corrections.
For institutional investors, the bank’s statement provides further validation of Bitcoin role as a core digital asset. It adds fuel to a rally already underway for retail traders. The coming week could prove decisive. Whether Standard Chartered bold call comes true or not. Bitcoin has once again shown its ability to surprise markets and capture global attention.
