Bitcoin Heads For Best Week In 3 Years – Record Short Liquidations Could Open the Door To $126K, Standard Chartered Says

Bitcoin’s price breached the $78,000 mark on Friday morning.

• Standard Chartered's Geoffrey Kendrick said his $100,000 year-end Bitcoin forecast may now be too low.
• Bitcoin ETFs have attracted roughly $1.5 billion in inflows this week, which Kendrick views as an early sign of renewed demand.
• According to him, low open interest across crypto markets could leave room for more traders and investors to enter if Bitcoin's rally continues.

Bitcoin (BTC) rallied past $78,000 on Friday morning, and is on track for its strongest weekly performance in more than three years. 

According to Standard Chartered analyst Geoffrey Kendrick, it could shoot past its record high of over $126,000 before the end of the year.  “For the first time this year there is now a risk my end year forecast (of $100k) is too low,” Kendrick wrote in an email to clients, adding that “an overshoot towards the all-time high before year-end may be possible” after October 6.

Koyfin data showed Bitcoin was on track for its biggest weekly gain in more than three years.

According to Kendrick, the rally highlights “the other side of digital asset volatility.” Earlier in 2026, investors had grown accustomed to steep declines. The latest rally, he said, is beginning to show how quickly prices can move in the opposite direction.