Bitcoin Breaks Above USD 70,000: Why a Year-End USD 100,000 Forecast Has Emerged and What Conditions Remain
Bitcoin climbed back above USD 70,000 in global markets on 2026-08-20. The move came as bond yields and the dollar declined and risk assets rebounded following the U.S. Treasury's announcement of expanded buybacks of long-term government bonds. Standard Chartered reiterated its year-end USD 100,000 forecast, but reaching USD 100,000 from the current price would still require an additional gain of approximately 40%.