Bitcoin’s price outlook has strengthened as Standard Chartered analyst Geoff Kendrick projects a potential rally toward $100,000 by the end of 2026, contingent on a decisive break above its key technical level at $65,500.
Kendrick, in a client note, cited Bitcoin’s four-year cycle dynamics as indicative of an imminent market low, while highlighting the U.S. Treasury’s decision to expand its long-dated bond buyback program. The program’s maximum size for 10- to 20-year and 20- to 30-year securities will rise from $2 billion to at least $4 billion per operation, effective from Sept. 9 through Nov. 4. The move aims to stabilize long-end Treasury yields, which had surged amid a broader bond market selloff.
The announcement triggered a sharp decline in long-dated yields, easing financial market pressures and reinforcing Bitcoin’s historical sensitivity to liquidity interventions. Kendrick noted that Bitcoin’s fixed supply and resistance to monetary debasement make it a favored asset in environments of expanded government support.
Bitcoin’s price reflected the optimism, climbing over 6% to nearly $69,000 in late-morning U.S. trading on Wednesday, marking its highest level since early June, according to CoinMarketCap data.
