Standard Chartered's Kendrick just called the turn — and he's comparing this moment to March 2023, right after Silicon Valley Bank collapsed and $BTC ran from $25K to six figures.
His exact line: "Whenever you have things like the SVB example, or Treasury and Fed independence stories, for me that's the turn of the tide."
$BTC just reclaimed $72K for the first time since June. His target: $100K by year-end.
But here's the reality check — Kendrick has missed his last three year-end calls in a row:
2024: raised from $100K to $150K, landed short
2025: called $200K, revised to $135K, $BTC peaked near $126K then reversed
He's not hiding from that record. He's still betting the same cycle pattern plays out again.
The catalyst this time? Treasury doubling bond buybacks — "exactly the type of thing Bitcoin loves," per Kendrick.
Three misses don't mean the fourth call is wrong. But it does mean the burden of proof just got a lot heavier.
The setup is there. The narrative is clean. Now we wait to see if the price actually follows.
Trade idea: if $BTC holds $72K as support and reclaims $74K with volume, that's your confirmation for a swing long targeting $80K–$85K. Stop below $71K. Risk it small until the breakout proves itself.
Don't fade the setup just because the analyst missed before. But don't blindly follow either. Let price confirm the call.
His exact line: "Whenever you have things like the SVB example, or Treasury and Fed independence stories, for me that's the turn of the tide."
$BTC just reclaimed $72K for the first time since June. His target: $100K by year-end.
But here's the reality check — Kendrick has missed his last three year-end calls in a row:
2024: raised from $100K to $150K, landed short
2025: called $200K, revised to $135K, $BTC peaked near $126K then reversed
He's not hiding from that record. He's still betting the same cycle pattern plays out again.
The catalyst this time? Treasury doubling bond buybacks — "exactly the type of thing Bitcoin loves," per Kendrick.
Three misses don't mean the fourth call is wrong. But it does mean the burden of proof just got a lot heavier.
The setup is there. The narrative is clean. Now we wait to see if the price actually follows.
Trade idea: if $BTC holds $72K as support and reclaims $74K with volume, that's your confirmation for a swing long targeting $80K–$85K. Stop below $71K. Risk it small until the breakout proves itself.
Don't fade the setup just because the analyst missed before. But don't blindly follow either. Let price confirm the call.