Bitcoin may be positioned for a move toward $100,000 by year-end 2026 if it breaks above $65,500, according to Standard Chartered analyst Geoff Kendrick. He said the threshold could confirm that the cycle low is in, while Bitcoin's four-year cycle dynamics point to an imminent low. Kendrick also linked the outlook to the US Treasury's decision to at least double the maximum size of selected liquidity-support buybacks for longer-dated government bonds. Purchases of 10- to 20-year and 20- to 30-year nominal coupon securities will rise from a maximum of $2 billion to at least $4 billion per operation, with the expanded program scheduled from Sept. 9 through Nov. 4. The announcement pushed long-dated Treasury yields sharply lower. Bitcoin subsequently surged more than 6% to nearly $69,000 in Wednesday's late-morning US trading, its highest level since early June, according to CoinMarketCap.