Standard Chartered analyst eyes $100K BTC as US Treasury doubles long-end buybacks

Bitcoin’s rebound toward $69,000 is gaining momentum as Geoff Kendrick points to improving liquidity conditions and a potential cycle bottom.

Bitcoin could be poised for a run toward $100,000 by year-end as the US Treasury ramps up support for the long end of the government bond market in an effort to rein in surging interest rates, according to Standard Chartered analyst Geoff Kendrick.

In a recent client note shared with Cointelegraph, Kendrick said Bitcoin’s (BTC) key technical level is $65,500, with a break above that threshold potentially confirming that the cycle low is already in.

“Investors should now be positioning for a move ot USD $100,000 by year-end 2026,” he wrote. 

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