NewsNovo

Standard Chartered sees a Bitcoin all-time-high retest, but the rally ran on short liquidations

8/23/2026

Bitcoin ($BTC) could retest its all-time high of $126,000 before year-end, Standard Chartered analyst Geoff Kendrick told clients this week after the coin rallied 23% to trade at $77,300 on Aug.

The case for that target is real; so is its limitation.

Standard Chartered has not formally replaced Kendrick's $100,000 year-end call, and the analyst himself frames $126,000 as a level Bitcoin may revisit only if the current recovery gathers further momentum.

What moved the price The rally's immediate mechanism was forced buying.