Bitcoin is set to reach a new all-time high next week and reach $135,000 shortly after, according to Geoff Kendrick, an analyst at Standard Chartered.
Bitcoin May Hit $135k in 1–2 Weeks: Standard Chartered
3 October 2025 - 15:03 CEST
By Clemens Burleson
“Bitcoin will print a fresh all-time-high next week and likely hit my forecast for Q3 of USD135,000 soon thereafter,” Kendrick said in an email, citing a July research note. He added: “That will be one to two weeks later than predicted,” reaffirming his call.
Bitcoin is, as of 10:45 UTC, priced at roughly $120,582 – just 3.1% off its all-time high.
Kendrick, who lead's the London-based international bank's digital assets research, links the near-term setup to US fiscal risks, referencing the Dec 2018–Jan 2019 government shutdown during which Bitcoin fell by roughly 7%.
“Bitcoin was in a different place than now, so it did little,” Kendrick said. “However, this year Bitcoin has traded with ‘US government risks’ as best shown by its relationship to US treasury term premium.”
He also flagged a potential shift in flows, noting that gold ETFs (exchange-traded funds) have recently outpaced Bitcoin ETF inflows: “I suspect that changes soon.”
