Standard Chartered analyst Geoff Kendrick suggests Bitcoin could achieve new all-time highs in the latter half of the year, driven by institutional treasury buying surpassing record levels from Q2. Unlike past halvings, BTC's price is supported by the introduction of ETFs and increased treasury company purchases, which have helped avoid traditional patterns of post-halving price declines. Bitcoin recently experienced a peak above $109,000, marking a significant recovery in value. While expectations are high for further price increases, Kendrick cautions that there may be volatility in late Q3 and early Q4 due to concerns about historical post-halving trends repeating. However, if current trends continue, Bitcoin may rally to exceed its previous record of $111,814 set in May, bolstered by a growing number of companies adopting Bitcoin treasury strategies. In related news, Bitcoin ETFs experienced outflows after significant gains, indicating the fragility of market sentiment amidst external economic pressures.

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