The price of Bitcoin (BTC) has fallen by 15% this month, primarily due to MicroStrategy's announcement that it sold 32 BTC. This news has caused significant turmoil in the cryptocurrency market. Despite this downturn, Geoffrey Kendrick, Standard Chartered's global head of digital assets research, has reiterated his bullish outlook on Bitcoin, forecasting it will reach $100,000 by the end of 2026. Kendrick described the current week as 'painful' for crypto investors but anticipates that MicroStrategy will eventually buy back Bitcoin aggressively, similar to its actions in 2022 after selling its holdings. He also warned that if Bitcoin's price drops below $60,000, it could face further selling pressure. Currently, Bitcoin is trading around $63,517, having underperformed compared to the S&P 500 index, which has gained 10% this year. Kendrick's optimistic prediction emphasizes the potential for Bitcoin to recover and thrive in the long term.