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

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Geoff Kendrick, analyst at Standard Chartered, forecasts that Bitcoin could reach $100,000 by year-end 2026. The key technical level is set at $65,500, with a break above potentially confirming a cycle low. The US Treasury announced it would double the maximum size of buyback operations for 10-to-30-year bonds from $2 billion to at least $4 billion per operation, running from September 9 through November 4. Bitcoin surged more than 6% to nearly $69,000, its highest level since early June.

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Telemac
Telemachttp://cryptoinfo.ch
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