Financial services company Canaccord Genuity predicts that the Bitcoin cryptocurrency will gain more than 30% over the next 4-week period.
According to a note issued by the company on Thursday, Bitcoin could go through a 2- to 4-week winning cycle during which it will rise by about 32%.
It also indicated that Ethereum could also rise by 12% over the same period.
The note added: Bitcoin closing several consecutive weekly trading above levels of $ 26,249, and Ethereum above $ 1935, may suggest the end of the correction period that has occurred since the end of 2021.
Bitcoin has not traded below $27,000 since the week ending March 17th.
Meanwhile, Ethereum reached $1,900 levels for the first time this year at the beginning of April.
Standard Chartered had expected a bitcoin price to rise by about $20,000 if America defaulted on its debt.
