[Geoff Kendrick: Bitcoin Could Reach $100,000 by Year-End After Breaking $65,500]
According to a report by Cointelegraph, Standard Chartered Bank analyst Geoff Kendrick stated that Bitcoin's key technical level is $65,500. If this level is breached, it may confirm the cycle's low point, and investors should position themselves for a target of $100,000 by the end of 2026. Kendrick noted that the U.S. Treasury has announced an increase in the cap for 10-30 year Treasury bond buyback operations from $2 billion to at least $4 billion, with the plan set to be implemented from September 9 to November 4. Bitcoin benefits from government liquidity interventions, and its fixed supply characteristic gives it the ability to resist currency devaluation.
