Bitcoin Price Could Reach $100K by Year-End: Standard Chartered
Kendrick said Bitcoin could rise as Treasury buybacks double to at least $4 billion per operation and long-dated yields fall.
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7 Articles
Cointelegraph
The New York LedgerBitcoin Price Could Reach $100K by Year-End: Standard Chartered
Bitcoin rallied toward $69,000 as analyst Geoff Kendrick flagged a key technical breakout and improving liquidity conditions following a Treasury policy shift.
The rebound of the bitcoin to $69,000 is gaining strength. Geoff Kendrick, an analyst at Standard Chartered, links this progression to an improvement in liquidity. His analysis is based on the US Treasury's measures regarding long bonds. The level of $65,500 becomes central. A breakout could signal that the low point is reached and open a new phase. This evolution occurs as the market monitors returns. A favourable context supports his analysis …
Standard Chartered Sees $100K Bitcoin as US Treasury Boosts Long-End Buys
Bitcoin’s next upside leg may be getting a tailwind from an unusual source: US Treasury’s plan to boost liquidity support for longer-dated government bonds. In a client note shared with Cointelegraph, Standard Chartered analyst Geoff Kendrick argued that policy efforts to ease stress in the “long end” of the Treasury market could align with Bitcoin’s own cycle timing to set up a run toward $100,000. Kendrick pointed to a specific technical infle…
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