渣打银行发布最新报告称，受 ETF 资金流入与企业购币需求推动，比特币预计三季度将突破新高至 13.5 万美元，年底前有望升至 20 万美元。该行表示，当前市场已摆脱减半后 18 个月价格回调的旧模式，但三季度末至四季度初仍可能出现短期波动。（Cointelegraph）

<div><div>渣打银行发布最新报告称，受 ETF 资金流入与企业购币需求推动，比特币预计三季度将突破新高至 13.5 万美元，年底前有望升至 20 万美元。该行表示，当前市场已摆脱减半后 18 个月价格回调的旧模式，但三季度末至四季度初仍可能出现短期波动。（Cointelegraph）</div><div> </div><br><br></div>

渣打银行预计 BTC 将在第三季度达 13.5 万美元，并于年底突破 20 万美元

Standard Chartered Bank released a new report stating that driven by ETF fund inflows and corporate cryptocurrency purchasing demand, Bitcoin is expected to break a new high of $135,000 in the third quarter and potentially rise to $200,000 by the end of the year. The bank noted that the current market has deviated from the old pattern of price correction 18 months after halving, but short-term fluctuations may still occur from the end of the third quarter to the beginning of the fourth quarter. <Cointelegraph>

<div><div>Standard Chartered Bank's latest report states that driven by ETF fund inflows and corporate cryptocurrency purchases, Bitcoin is expected to break a new high of $135,000 in the third quarter and potentially rise to $200,000 by the end of the year. The bank indicates that the current market has moved beyond the old pattern of an 18-month price correction after halving, though short-term fluctuations may still occur from late third quarter to early fourth quarter. (Cointelegraph)</div><div> </div><br><br></div>

Standard Chartered Bank predicts BTC will reach $135,000 in the third quarter and surpass $200,000 by the end of the year

<Odaily> Planet Daily News: Bitfinex released an Alpha report, indicating that: BTC will remain in a consolidation state before entering the third quarter of 2025, with Bitcoin price continuously fluctuating in a clear range between $100,000 and $110,000. After a nearly 50% explosive rise from the low point of $74,634 in April, signs of consolidation are now appearing. The recent price trend's pullback reflects a cooling of on-chain and derivatives trading activities, with a decline in spot trading volume, weakened buying pressure from receivers, and a reduction in open interest, highlighting the market's transition from an aggressive impulse trading phase to a range-bound oscillation phase. Looking ahead, the seasonal characteristics of the third quarter historically suggest that Bitcoin will enter a phase with lower volatility and more moderate directional fluctuations. On average, the third quarter is the weakest quarter for Bitcoin, with historical returns of only +6%, and price trends tend to remain within a range during this period.

Bitfinex report: BTC is in a consolidation state before entering the third quarter of 2025, and the historical return rate in Q3 is usually lower

<Odaily> News: TradingView data shows that the US dollar index fell by over 10% in the first half of the year, the worst six-month performance since the third quarter of 1991. President Trump's trade war and the continued calls for Federal Reserve rate cuts are said to have put pressure on the dollar. Dan Tapiero, founder and CEO of DTAP Capital, said on X: "It looks like the dollar could easily fall another 10%... and may fall more in the next 12-24 months". Analysts believe that BTC faces selling risks and may return below $100,000 in the short term. However, if Bitcoin can stabilize at the upper edge of the consolidation range, the bearish signal will become invalid and lay the foundation for a rebound to $140,000. (CoinDesk)

Analysis: The US dollar index fell by more than 10% in the first half of the year, and BTC may fall below $100,000 in the short term

Here's the translation:

Article Source: <话李话外>

In the previous series of articles, we have been full of expectations for the possible performance in the second quarter of this year. From the current results-oriented perspective, it is relatively good, with Bitcoin's quarterly return rate being 30.32% and Ethereum's quarterly return rate being 37.91%, both exceeding the median level. As shown in the following figure.

As for the possible performance in the third quarter, based on the expectations in previous articles, we will maintain a cautious attitude towards the overall market situation, because the market may still need to face some existing uncertain factors, such as:

1) Trump's tariff policy
Trump this year...