# Standard Chartered Analyst Predicts $100K Bitcoin as Treasury Expands Buybacks US Treasury's bond purchase program creates favorable conditions for Bitcoin rally. - **Source:** [Cointelegraph.com News](https://brifing.si/source/2e81e982-0137-4db0-8ac2-351f37085775) - **Published:** 2026-08-19 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/df828694-e27f-4ef9-b45f-3387143a95b5 ## Bitcoin Shows Bullish Signals Standard Chartered's Geoff Kendrick identifies $65,500 as Bitcoin's key technical level, with a breakout potentially confirming a new uptrend. BTC recently surged past $69,000, reaching its highest level since early June. The analyst maintains his year-end $100,000 price target based on improving market conditions. ## Treasury's Market Intervention The US Treasury Department announced plans to double its long-term bond buybacks to $4 billion per operation from $2 billion. This liquidity injection targets 10-30 year maturity bonds and will run from September through November. The move aims to stabilize bond markets amid recent volatility. ## Impact on Bond Markets The Treasury's expansionary policy caused long-dated bond yields to decline sharply. This intervention eased pressure from the recent bond selloff, creating relief across financial markets. Increased liquidity typically benefits risk assets like cryptocurrencies. ## Bitcoin's Historical Response Kendrick highlights Bitcoin's tendency to benefit from government liquidity measures. Its fixed supply makes it resistant to monetary debasement, often outperforming during expansionary periods. BTC's 6% surge following the announcement supports this thesis. ## Four-Year Cycle Dynamics The analyst points to Bitcoin's historical four-year cycles suggesting a potential bottom. Past cycles show strong rallies following cycle lows. Current technical indicators align with this pattern, potentially signaling the start of a new bull phase. ## Broader Crypto Market Reaction The Treasury news sparked gains across crypto markets. Ethereum rose 6.63% to $2,100 while Solana gained 7.51% to $82. Most major altcoins posted 5-9% gains, indicating broad market optimism following the policy announcement. ## Implications for Institutional Investors Kendrick advises institutional investors to consider Bitcoin allocations, particularly as an inflation hedge. He notes BTC's strong performance during liquidity expansion periods. The $100,000 year-end target reflects these macroeconomic conditions. ## Market Outlook The intersection of Treasury policies and Bitcoin's cycle suggests continued upside potential. Sustained liquidity measures could fuel further gains, though global economic uncertainties remain a watchpoint. Market participants are positioning for potential year-end rallies. ## Sources covering this story - https://cointelegraph.com/markets/bitcoin-price-100k-standard-chartered-treasury-buybacks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._