Bitcoin Price Prediction 2026: Treasury Buyback Sparks $100K

"Bitcoin surged past $68,000 and then broke above $69,000 in a powerful rally," the trader ChangHwan Kim posted on X. "Approximately $1.29 billion in short positions [were] liquidated within one hour."

Bitcoin ran from a $64,124 low to above $69,000 in hours, its steepest one-day climb since March.

"The same afternoon the US Treasury announced it will double its long bond buybacks," the trader timoassi posted on X.

Named Predictions

"Investors should now be positioning for a move [to] USD $100,000 by year-end 2026," said Geoff Kendrick, Standard Chartered's head of digital assets research.

He called the Treasury's move "exactly the type of thing Bitcoin loves."

Kendrick isn't calling a new top. Standard Chartered cut its year-end target from $150,000 to $100,000 in February, its second downward revision in three months, and pushed a $500,000 call from 2028 to 2030.

"When bad news stops moving the price, the sellers are exhausted," the trading account WOLF_Financial posted, framing it as a rule Bitwise's Matt Hougan watches for.

"Bitcoin Surges Above $68K–$69K on Treasury Buybacks," the markets account kyle_kim_tg summarized. "Standard Chartered analyst flagged potential path to $100K by year-end."