Bitcoin price could hit $100,000 by the end of 2026 despite the world's largest cryptocurrency witnessed a 'painful' week, according to Cryptocurrency analyst Geoffrey Kendrick. Kendrick, one of the most vocal crypto advocates, stated that he expects Strategy to buy back bitcoin. Strategy sold bitcoin holdings for first time since 2022. However, Kendrick warned that selling pressure could weigh if currency falls below $60k.
The biggest crypto token has tumbled more than 15 per cent since Monday, when Michael Saylor's Strategy, the largest corporate holder of bitcoin, disclosed that it had sold some of the holdings for the first time since 2022. However, the global head of digital assets research at Standard Chartered pointing to resilient long-term demand, Reuters reported.
