Standard Chartered Forecasts Bitcoin Will Retest All-Time High

Standard Chartered Forecasts Bitcoin Will Retest All-Time High Editorial Staff Fri, August 21, 2026 at 1:23 PM EDT 2 min read BTC-USD BTC British bank Standard Chartered ($STAN) is forecasting that Bitcoin (CRYPTO: $BTC) will retest its all-time high of $126,000 U.S. by year's end. The bullish call comes after Bitcoin rallied 23% over the past week to trade at $77,300 U.S. on Aug. 21. Standard Chartered analyst Geoff Kendrick writes in a note to clients that he is upgrading his previous forecast for BTC to reach $100,000 U.S. by year's end. More From Cryptoprowl: Canadian Defense Tech Firm Jumps 92% as Government Revenue Boosts Margins MEXC's August 2026 Proof of Reserves Confirms User Assets Fully Backed as Reserve Ratios Remain Above 100% Social Media Platform X Considers Stablecoin Payments HYPE Jumps 17% After Trump Backs CFTC Path for Hyperliquid in U.S. MEXC Lists Ondo Tokenized Stock Moderna (MRNAON), Expanding Access to U.S. Biotech Exposure Kendrick says that a retest of the $126,000 U.S. record high is now more likely. According to Kendrick, the latest Bitcoin rally has been driven by short liquidations, while inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) could provide another tailwind for crypto. The combination of forced buying from short sellers and returning ETF demand has helped Bitcoin quickly recover and rise back near $80,000 U.S. in only a few days, notes the analyst. Kendrick adds that Bitcoin appears to be firmly out of the $60,000 U.S. to $…