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.
Beyond Bitcoin’s four-year cycle dynamics, which Kendrick said point to an imminent low, he highlighted Wednesday’s announcement from the Treasury Department that it will at least double the maximum size of certain liquidity-support buybacks for longer-dated government bonds.
Treasury will increase the maximum size of buyback operations targeting 10- to 20-year and 20- to 30-year nominal…
