Bitcoin has established a local bottom at $56,500 and may reach $150,000 by the end of this year - Standard Chartered
💪 The situation has improved, with Bitcoin possibly having established a low at $56,500, according to #StandardChartered .
🤷 Experts have revised their previous #forecast , which anticipated a drop to the $50,000-$52,000 range.
📈 They have confirmed a target of $150,000 by the end of the year and $200,000 by the end of 2025.
🏦 The reason for the change was a less hawkish-than-expected decision by the Federal Reserve and positive signals in the U.S. employment report.
